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If you default on a auto title loan can they report the vehicle stolen?
Wiki User
∙ 13y ago
If you have signed the vehicle title over to them as security for the loan, or they hold some kind of legal paper giving them ownership, yes. If you don't pay back the loan, or fail to surrender the vehicle to them, legally the vehicle belongs to them.
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No, it is a civil matter. They can repossess the vehicle, report as a default on your credit and sue you for defaulting on the contract.
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READ YOUR LOAN CONTRACT! If you default, and then conceal the vehicle from them, or their repossession agents, you have "converted their asset to your own use" - which is the definition of larceny - which is a criminal offense.
Wiki User
∙ 13y ago
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Can a person who holds title to a vehicle have it repossessed from someone driving it as a loaner?
Report it stolen.
If you default on a car loan how long does it take for a lender to remove your name from the title and report the vehicle as stolen?
Does anyone know if your car is put in default what is the next step? Car I pay what is owed for the 3 months or does the full balance on the car have to be paid? Does anyone knoW?
Can you trade your truck if you pawned title?
Not until you get your title back. Pay off your loan, get your title back, then you're free to do with it what you will. And if you don't pay your loan to get your title back, the pawn broker gets ownership of that vehicle, and will report it stolen if you refuse to turn over your vehicle to them.
Can you report a car stolen if you are the registered owner and your ex is not making payments and wont tell you where the car is?
ya its your car, your name is on the title and someone has taken it from you....i think i defined a stolen vehicle right there
How can I get possession my car from co signer?
If your name is listed on the Title then you have all rights to posses the vehicle. The loan instrument doe not construe ownership, the title does. Again if your name is on the title and registration you can Take the vehicle or better yet depending on your situation, call the police (with title in hand) and report the vehicle stolen, this can be a very powerful threat to who ever has the vehicle.
What do you need to repossess a vehicle in Nevada?
You have to posses the title on the vehicle and the documentation that there is a default in payments.
What should you do if you have a car title for a car but you dont have the car?
You can report it stolen!
How do you find a vehicle if it was stolen but you still have the title?
Call the police, file a stolen vehicle report(I would think that would be common sense). If you're willing to spend more money to find the vehicle, after reporting it to the police, you can attempt to hire a reposession company to search for the car provided you have some idea where the car is.
Can a creditor sell the title to an auto loan that has gone into repossession and claim that the vehicle was stolen?
The creditor is the lender. In most states, they have a lien on the title to secure the loan, but are not the title holder themselves. It is fair to say they cannot sell something they don't have. If a loan is in default and the security for it is repossessed, the title can then be gotten by the lienholder and sold to provide funds to payoff the loan. The creditor is the lender. In most states, they have a lien on the title to secure the loan, but are not the title holder themself. It is fair to say they cannot sell something they don't have. Why a creditor -bank- would then ever report a car as stolen, I can't follow. Presumably you mean the debtor or borrower wants to report his car as stolen and also sell it. Can't sell it without providing the title. can't provide a clear title without paying off the loan. If you did sell it somehow...then it wouldn't be yours to report stolen would it? If you don't sell it and report it stolen when it really wasn't, this is highly illegal. You can't use it yourself, nor can anyone else. Anyone in the car will be in a stolen vehicle. Grand theft is the term that comes to mind. And when the car is in the possession of the one that reported it stolen, or someone that shows that person knew it wasn't - even worse actions will result to them. But simply, this is the type of thing that is easily discovered and doesn't do any good anyway. That the car was stolen does NOT stop the borrowers obligation to pay back the loan in full and on time anyway.
Can you call the cops for a lost title?
If the title was stolen, or you suspect the title was stolen, you should file a police report. Outside of this, you can go back to the BMV where you got the title from originally and request a new copy of the title be issued.
If the title has two names but is not separated by AND or OR then which is the primary owner or are they both equal owners of the vehicle?
If there is no specific designation on the vehicle title the default laws of the state in which the vehicle is titled will apply.
Can I repossess a vehicle to a car that I signed the title to my ex during our divorce in 2008 if he still has not had the title transferred out of my name?
that would just make it easy for him to go and have the title transfered into his name after you take back possession of the vehicle and then report it stolen. which means you would be charged with grand theft auto/receiving stolen property, which is a felony. if it was stated in your divorce decree that he is awarded possession of the vehicle, then it is something that you would have to take to court. i would recommend contacting an attorney to find out the laws on this. there may be a statute of limitations on how long he has to transfer a title.
