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How many days do you have to pay for your car before it is sold after repossession in Virginia?
Read your CONTRACT first. If it doesnt cover redeeming your collateral, copy and paste this. http://leg1.state.va.us/cgi-bin/legp504.exe?000+cod+8.9A-610
What is the post repossession notice required in Texas?
In Texas, after a repossession, the lender is required to send a post-repossession notice to the borrower within a certain timeframe, typically within 10 days. This notice must inform the borrower of the repossession, provide details about the sale of the repossessed item, and outline their rights regarding redemption. The borrower has the right to reclaim the repossessed property by paying the outstanding debt and any associated costs before it is sold.
If a car is sold after repossession does law state that it must be reported to the bureau as zero balance?
If a car is sold after repossession does the law states that it must be reported to the credit bureau as zero balance?
How should you be contacted if the car you cosigned on is being sold?
In a few states both the primary borrower and the cosigner must be notified by the lender through a "Right To Cure" notice before repossession action can occur. In Wisconsin a replevin order is necessary before a repossession can take place, but the cosigner is not always notified. In the majority of states the lender does not need to give either the primary or the cosigner notice of repossession action.
Do you have to payoff a car repossession?
Yes, you owe the difference of the amount of the loan and what the vehicle was sold for plus any costs of the repossession. You are expected to pay that amount.
How many hours can cold food be held without refrigeration before it must be sold served or thrown out?
where allowed tcs hot food can be held without temperature control for a maximum of how many hours before being sold , served or thrown out
If you have a voluntary repossession can they take your home?
NO, they can attach a lien to be paid FIRST if/when the home is sold.
What are the repossession codes in Alabama?
In Alabama, repossession codes are primarily governed by the Uniform Commercial Code (UCC), specifically Article 9, which outlines the rights of secured parties regarding the repossession of collateral. A secured party must provide proper notice to the debtor before repossessing collateral, and the repossession must be done without breaching the peace. Additionally, if a repossession occurs, the debtor has the right to redeem the collateral by paying the outstanding debt before it is sold. Specific local laws and regulations may also apply, so it's advisable to consult a legal expert for detailed guidance.
How many copies of the Tool album 10000 Days were sold?
10,000 Days sold 564,000 copies in its opening week in the U.S.
If you have a car repossession can it be settled if in several months you go into bankruptcy?
If by settled, you mean get your car back, no, unless the bankruptcy was filed before the car was sold at auction (unlikely to be several months).
What are the auto repossession laws in Montana?
In Montana, auto repossession laws allow lenders to repossess vehicles if the borrower defaults on their loan, typically without needing a court order. However, repossession must be conducted without a breach of peace, meaning the repossession agent cannot use force or threats. Borrowers have the right to redeem their vehicle by paying the outstanding debt, including fees, before it is sold at auction. Additionally, lenders must provide notice to the borrower after repossession, informing them of their rights and the next steps.
What is your obligation if you take the car back to the bank before they come to get it?
When the car gets back to the bank, its sold and the debtor owes the difference between what it sold for and the outstanding balance on the loan. IF it sells for more than is owed, debtor has to pick up the check for the surplus. There are no differences between a voluntary repossession/relinquishment of vehicle by the borrower and the forced repossession/recovery by the lender, except for some of the repossession costs such as towing. FYI, a bank will not allow you to return the vehicle in the sense that you can "drop it off" somewhere.
