Yes. If the lien is valid, a written contract is not necessary and the holder can legally repossess the vehicle in conjunction with the existing laws of the state in which the vehicle is located or in some cases where it was sold.
Whether or not a lien holder can repossess a car if there is no insurance depends on the contract, local law, or both. In this state, a verbal contract is valid. You will need to check local law.
Whomever the lien holder has hired for that purpose. Providing you have defaulted on the payment terms of your contract.
No. The lienholder is the only entity with a right to repossess.
If you are the lien holder, yes.
go pick it up, if they refuse, go get the police
You can repossess a car from from any one as long as your down as a lean holder on title. If your name is not on the title as lean holder than you can't take the car.
Apparently, it is legal for the owner -- in this case, the title holder -- to repossess an automobile so long as the repossessing agent does not break the law in the repossession process.
Yes, unless there is a another previous lien holder.
sure can if they have a title too
From what you describe it has no legal grounds on which to repossess your vehicle unless you missed some provision in the contract that has been breached. You may need to obtain a release of the lien from the lien holder to clear the title. You should try to contact the consumer division of your state attorney general for more information. If possible, you should get some advice from an attorney and act as soon as possible.
An Authorized Recovery agent working on behalf of the lien holder can repossess the vehicle from the lessee. It is Illegal in the state of Indiana for someone who works for/ at the car lot or for the lien holder to repossess a vehicle under the car lot/ lien holder's company name. The duty of repossessing a car must be hired out to a recovery agency.
If there is money owed to the lender with the vehicle used as collateral, the lender will be shown as a lien holder on the title and can if the contract is defaulted recover the vehicle according to the laws of the state in which it is registered. yes
I guess he would need to use a helicopter since he cannot breach the peace. Breaking the lock or fence would be disturbing the peace, I think.
If you don't have a "contract", you aren't a leinholder. A lienholder must have a contract and have filed the notice with the county recorders office and the title must state you as the leinholder. If the person is named on a title as a lien holder he or she has the legal option of repossessing the vehicle as it is determined by the laws of the state where the vehicle is registered.
No. A vehicle cannot be sold without a clear title and the only way to obtain such a document is through the lien holder.
Only if you are the holder of the loan, or a court has ordered the surrender of the vehilce to you. As a simple lien holder, you can only block the transfer of the title and possibly recover from the sale of the vehicle.
If the creditor is the loan holder of the vehicle a lien is already in place. The title will show the loan provider as the primary lien holder. That insures the vehicle as collateral and if default occurs the lien holder can repossess the vehicle without going to court. Except in the few states that require the creditor to obtain a replevin order before seizing the vehicle.
You have the title, but I bet on that title the lender you own money to is listed as the lien holder. He can repossess the car at any time if you miss payments. Having the title means nothing.You have the title, but I bet on that title the lender you own money to is listed as the lien holder. He can repossess the car at any time if you miss payments. Having the title means nothing.
Well, you own the vehicle subject to the lien. You cannot sell or refinance the vehicle until the lien holder is paid. If you don't pay the lien, the lien holder can repossess the vehicle. So you own it subject to your paying the loan.
What are my rights as a lien holder if the customer does not have full coverage even after it is part of his or her contract with us.
Yes, but they will charge more for the new phone and extend the contract.
A private mortgage holder normally does not belong to a credit bureau; therefore, can not report credit activity to a credit bureau..
If there are no assets in the estate the lender is out of luck as to having the loan paid off, however, it can repossess the automobile.