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How many days do they have to wait before they resell a car after repossession in Missouri or can you charge storage?
Wiki User
∙ 8y ago
How many days I havent located yet. I dont know of any state that requires of more than 30 days waiting time before the lender can dispose of the repoed collateral. STORAGE??? FROM DAY ONE. http://www.moga.state.mo.us/statutes/C400-499/4080000554.HTM Notice of default, contents, form, delivery. 408.554. 1. After a borrower has been in default for ten days for failure to make a required payment and has not voluntarily surrendered possession of the collateral, a lender may give the borrower and all cosigners on the credit transaction the notice described in this section. A lender gives notice to the borrower and cosigners under this section when he delivers the notice to the borrower or cosigner or mails the notice to him at his last known address. 5. In the case of a second default on the same loan made pursuant to section 408.100 or on the same retail time transaction as defined in section 408.250 or in the case of a third default on the same second mortgage loan as defined in section 408.231, the notice described in subsection 2 of this section shall indicate that in the case of further default, the borrower will have no right to cure.
Wiki User
∙ 8y ago
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Are the Lender of a repossession allowed to charge a storage fee and a repossession fee in the state of California?
In the state of California, the lender of a repossession may only charge fees that it incurs and that are in the contract. If the lender pays for the storage or houses the repossession, then yes, the lender is allowed to charge both a repossession and a storage fee.
Are the repossession agent allowed to charge a storage fee and and a repossession fee in the state of Missouri?
Yes. The repossession fee is like a tow bill. They did pick up the vehicle. The storage fee is the time it takes to get the vehicle off of their lot. Each day adds another day of storage fees.
Is a repossession company in Michigan responsible for returning belongings?
The repossession company is not responsible for returning belongings. The repossession company is responsible for notifying you where you can pick up your belongings and at what times. Some companies charge you a storage fee or only give you a few weeks to pick up your belongings before they become theirs.
In Arizona if your vehicle is repossessed and your get the vehicle back is it illegal for the repossession agent to charge a fee before they will return your licence plate?
In the State of Arizona, the license plate belongs to the debtor. They cannot charge you for your plate but they can charge you for inventory and storage of your personal property (which, incidently, includes your plate).
Can the repossession company hold your personal belongings after a repossession in Wisconsin and charge you for the storage fee?
Yes, they can. Ultimately they have to PERFORM WORK to gather, label, secure, and keep safe your belongings. They can charge you for this because they were forced to perform work. The law allows them to be compensated for it.
Do you have to pay a storage fee for personal property to repossession agency if you had no property in the car?
If you get the car back you have to pay storage, if there was even a pair of sunglasses inside the car they can charge you for property.
Can a repossession agent charge a two-day storage fee if they repossess your vehicle at night and you pick it up the next day?
YES
Are the repossession agent allowed to charge a storage fee and and a repossession fee in the state of Arizona?
If my vehicle was repossessed at 8:00 pm and I paid the lien holder the full amount to pay off the loan. Can the towing company charge two days of storage when I picked up my vehicle at 1:00 pm the following day?
Can a FL repossession company charge me to get my personal belongings back?
They don't charge you to get your personal belongings back... they charge you a "storage fee" for the time they stored your personal belongings. And yes, they can do that.
Is it legal for an automobile repossession company keep your personal belongings in Arizona?
Repossession companies must give you the opportunity to recover your personal belongings. That being said, they need not do so at the time of repossession. If they store your property for any length of time, the may charge a storage fee. They are not required to hold your property indefinitely either. If you make no attempt to recover you belongings, the repossession company will dispose of it after 30-45 days.
Can you charge storage if a customer refuse to pay bill?
Yes, but only if the customer has been informed of this before accepting the terms of the ''sale'' in most instances though, the retailer is unable to charge for storage.
Can towing company touch belonging's in truck?
That depends on the situation in which your vehicle was towed. In an instance of repossession, they'll be expected to clear items out of the car. Then they'll probably charge you a storage fee for those items.
