If you do not hide or conceal your car can you get in trouble for not surrendering it? Are you "hiding" your NEW address from the lender? Are any of the utilities in your name? Are you working for cash? Are you 'concealing" your new phone # from the lender? Are you answering calls from the lender if they have discovered it? Most states have a law concerning "defrauding a secured creditor".
Repossession of what? Who? The repo agent?
my answer is to just go to oklahoma and just you becomes a repossession agent..........this is not real DONT DO IT.
I am a repossession agent in Virginia it takes 2-3 months of not paying before the repossession status occurs.AnswerI am a repossession agent in Virginia it takes 1 missed payment then repossession status occurs.
How much do repossession agents commonly make?
Most generally the agent must not breach the peace. There are specific laws pertaining to repossession agencies that are different in different states. However, for the most part, as long as the peace is maintained, and it is a self-help state, there is nothing more the agent must do.
To become a repossession agent in Minnesota a license from the state is required. A tow truck and license to operate it are also needed.
The repossession agent shows up and takes the car if everything goes correctly.
search on "recovery agent" + OHIO" in your browser.
The duration of Agent trouble is 1.5 hours.
Till they find it.
The repossession agent is not a law enforcement agent, and has no such authority.
They repo agent will take it when your not looking. The agent still has a job to do and only get paid if the jod is complete.
check with the State assoc. gapra.org
Only if they want to be charged with kidnapping. NO.
When you purchased the car, you may have received a lien title from the state. This is not a clear title of ownership. The lender in essence still owns the vehicle, at least part of it. It is held in security for the loan. If you are a repossession company or agent, you will be required to have an order of repossession. But, if you are a repossession company or agent, you should already know this.
After repossession, the lien holder or agent sends information on how to reclaim the vehicle; if the owner does not respond or cannot repay the outstanding debt, the agent removes all personal belongings and sells the vehicle at auction. You will then be liable for the difference in what it sells for and the balance on the loan plus repossession fees.
Agent trouble - 1987 is rated/received certificates of: Iceland:L
Click this link. Read it and thinks about it. Good Luck
your mom can
Not without a court order.
Get yourself a business license and some clients.
Then they're liable for the damages. You need to file a police report immediately.