click here www.state.ar.us state website
This is one question that I had to get the answer to recently, and with the quickness! I learned that the laws governing the rules of repossession vary from state to state. You will need to look up the laws to find out your states terms and conditions. The lending bank's state of origin does not matter, it depends solely on the state the vehicle is registered in. Massachusetts requires
Repo Laws can be found at a site called www.dmv.org or you can also check your local laws.
the state the car is in govern the repossession, the lenders choice on which state governs collection efforts. Read your contract.
See the links below for the repossession laws and other information for Wisconsin.
Vehicle repossession laws in Arkansas is the same there as it is in every other state. One must pay his loans or risk facing legal action from the one that one has borrowed from.
Repossession laws vary from state to state. States also have different provisions for different types of property. You would need to be more specific about the circumstances, the property and the state where the repossession would take place. Your question should be reformed to ask, "Is a repossession under the following circumstances legal"? Asking what is considered an illegal repossession is much too broad a question.
Repossession laws are enacted by states and are applicable to all the municipalities within that state. Please see link.
The answer to this depends on the state you live in. Each state has different laws that prescribe the process for repo and sale.
Be Human Being. There are no formal laws or requirements regulating that state as of yet.
The legal remedy for vehicle repossession is covered by UCC laws. Regardless of where the lender is located the car can be repossessed under the laws of the state where it was purchased or where it is now located, whichever means is most advantageous to the lender.
Generally the laws of the state where the contract was signed take precedence. I disagree. If the car is registered in California and titled in California, and located in California, California law applies. The validity of the debt, late fees, and so on ARE determined by where the contract was signed, but California has specific laws on the procedure for repossession.
Yes, after due process is followed in accordance with the laws of the state.
Depends on your state laws and the contract you signed with the lender. Read your contract. after the second payment is not paid
I have a number of good links on my site for Utah repossession laws: http://www.carsofutah.com
I only know about the state of Massachusetts. And yes in our state they have one hour to report the repossession to the police department in the town of which the car was taken.
Money, Knowledge of the laws,proper state permits and ENERGY. Good Luck
If my car is repoed and the car is not worth as much as I owe am I responsible to pay the differance?
Yes, I think it is. We have so many laws concerning things like that.
what are the legalities of voluntary vehicle repossession
The California laws on any re-possession are extensive and complicated. -Google that exact wording, or inquire at the State Attorney General Office.
http://myfloridalegal.com/pages.nsf/0/9707bb48d49ce38985256cc9004e3ee5?OpenDocument you can start here
See the links below.
The state of Alabama is a self help repossession state, therefore a repossession agency is not required to notify you before they repossess your vehicle. Repossessors are under various state and federal laws and regulations and are prevented from breaching the peace among other things.
Do you need a private dectectives license to do auto repossessions in the state of Ma