Repossession
Income Garnishment
Texas Law

How do you repossess a vehicle in Texas if you are an individual lienholder?

727374

Top Answer
User Avatar
Wiki User
2015-07-15 19:42:28
2015-07-15 19:42:28

The same way a loan company does, HIRE a REAL repo agency to do the job.

1
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0

Related Questions

User Avatar

No, not if the contract is in default. The lender/lienholder may repossess the vehicle under UCC laws as long as it can be accomplished without a breach of peace committed

User Avatar

They are not going to repossess a vehicle because you were rude. They can however repossess it if you miss just one payment.

User Avatar

Legally, only one. But your contract will tell you more.

User Avatar

Do you have anything in writing??Cancelled checks???Your only recourse is to sue the individual who took your money.

User Avatar

the lienholder can repo at anytime as long as there is NO breach of peace.

User Avatar

YES, IF your paperwork is in order, you can agree on a price and the unit is accessable. repoman.com for Texas repo agents Please dont waste yours and the agents time with an EX-this, I want my car back thing.

User Avatar

Can the police repossess your car? Can the police repossess your car?

User Avatar

In most instances when you get behind on your payments. The exact details of when the lender will repossess the vehicle is listed in the contract you signed when you took out the loan on the vehicle. Read your contract with the lender.

User Avatar

Under Texas law, a vehicle may be repossessed even if payment was only late for 10 days. This means that is payment was due on the first day of the month, and payment has not been settled on the tenth, then, vehicle will be repossessed on the eleventh.

User Avatar

It is probably stated in your finance or lease agreement that if you don't make your payments on time that the finance company has the right to repossess the vehicle. Consider yourself informed. Long story short, if you don't want your vehicle repossessed you need to make your payments.

User Avatar

"Voluntary repossession" basically means you're telling the lienholder "Come repossess this; I'll make it easy for you." Since the lienholder has no interest in the property, that means they'll come take the mobile home itself (or you could take it to them), but the property itself won't be impacted except to the extent necessary to drive in a couple of tractors to haul away the mobile home.

User Avatar

Are/were you listed on the TITLE as leinholder? Do you have a written contract listing the vehicle as collateral? If no to these two uestions, you should call a local attorney NOW.

User Avatar

Yes. A charge off does not mean that the debt is not still valid and subject to collection by any means available to the lender.

User Avatar

A creditor may not breach the peace in repossessing the vehicle and please don't just hide or refuse to surrender collateral to a lienholder indefinitely. You have a duty under the civil law, the Texas Business and Commerce Code, Sec 9.503 to make collateral available to a lienholder when demanded. There is also a criminal statute, Hindering Secured Creditors, Sec 32.33 of the Texas Penal Code, which makes it a crime to conceal, remove, or harm, etc. property on which there's a lien with the intent to hinder enforcement of the lien. If you're in default and a lienholder makes demand on you for return of the collateral, please see an attorney right away. Good Luck

User Avatar

If i have a vehicle repossessed in the state of texas, is there anything that requires me to pay off balance after vehicle is sold at auction?

User Avatar

A dealership willnot need to repossess a vehicle in any state unless it is a buy here pay here type dealership. If this is the case, the dealer should contact a local, private repossession company. Find one of the larger possible companies, this will offer more resources. Then leave it to them. It could take some time, but if you give them all the information you have on the debtor, they will find and secure your car.

User Avatar

Sample letter of vehicle repossession for the state of texas

User Avatar

Check your loan documents but they can if you are one day late. Most don't because they really want the money. Three to six months late on payments the REPO man will be looking for ya.

User Avatar

What is the Texas law for returning a new vehicle just purchased and found out you want to return it.

User Avatar

what is the statue of limitations on indictment for unauthorized use of a motor vehicle in texas

User Avatar

I'm not an attorney, but common sense would say everybody has to pay their bills, not just married parents. If you aren't making the payments, it is not your vehicle, and therefore, the legal owner has legal rights.


Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.