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If you have two car loans at one bank can the bank repossess both even though one loan is current?


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Wiki User
2015-07-15 19:48:52
2015-07-15 19:48:52

YES, IF the loans contain a CROSS-COLLATERALIZATION clause. Were you in DEFAULT of any other conditions of the loans? INS.???

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As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.


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