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In AZ state what is the law regarding repossession of a vehicle and what you would owe after they sold the vehicle?
Wiki User
∙ 13y ago
Arizona repossession laws are quite simple. Once the vehicle is put out for repossession, the repossession agent will attempt to locate it. Once the unit is found, he will secure it on his truck. He may, if he is kind, contact the borrower and offer to let him retrieve his personal property in exchange for the keys. He is not required to do so.
He may not move other vehicles to unblock a vehicle.
He may not open a closed structure to secure the vehicle.
He may not knock on your door after 9:00 pm or before 8:00 am. He may contact you at work 24/7 though.
He may not enter reservation land to secure the unit UNLESS he has specific permission from the tribe to do so.
He may not secure the unit from federal land UNLESS he has the proper licensure to do so.
Finally, after the vehicle is sold at auction, the purchase price will be applied to the outstanding balance of the loan. This in most cases will not pay the balance, therefore you will need to pay the unpaid portion, plus fees and repossession costs. If you fail to do so, the lender will likely seek judgment against you and then for the next ten years afterward you will have little choice in how the outstanding balance plus court cost, legal fees, and collection cost is recovered.
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∙ 13y ago
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If a cosigner has been making payments on a car at what point can they legally have the car seized and put in their name?
That would depend on the repossession laws of your state of residency. Or if different, the state where the loan was procured for the vehicle.
Can they repo another vehicle for ransom my daughter was told this by the repo man?
No. The only vehicle that can be repossessed is the vehicle for which the agent has a valid order of repossession, OR in some cases, a vehicle the agent encounters (such as reported by a camera car) in the process of locating another repossession. Anything other would be wrongful repossession or possibly grand theft auto and extortion.
What is considered an illegal repossession?
Repossession laws vary from state to state. States also have different provisions for different types of property. You would need to be more specific about the circumstances, the property and the state where the repossession would take place. Your question should be reformed to ask, "Is a repossession under the following circumstances legal"? Asking what is considered an illegal repossession is much too broad a question.
Can you find your vehicle after repossession?
1st place to look would be at the car lot you bought it from.
Do you go to jail for driving repossessed car out of state?
The question is a little confusing. If a vehicle has been repossessed then it would no longer be in the possession of the person(s) who made the purchase agreement or to whom the vehicle was registered. If what is meant is can a vehicle subject to repossession be taken out of the state to avoid such action, then the answer would be yes. But it is unlikely that would happen unless the lien holder decided to file it as a stolen vehicle. Which in some states would be perfectly legal and that would mean the person moving the vehicle to another state would encounter some serious legal problems.
Can you register a car that is repossessed?
In some states, most that is at this point. However, most states are also passing or reviewing legislation that would prevent the registration of a vehicle up for repossession, and in some states such as Florida, the registration of any vehicle to a person who has a vehicle up for repossession.
Can a New Jersey constable repo your car?
A New Jersey constable would have to call a police officer in order to have your vehicle impounded. State agencies don't repossess - creditors do that, and hire private companies to carry out the repossession. Impound is your vehicle being confiscated for being in legal violation. Repossession is the lien holder (the actual owner of the vehicle) claiming their property back after the finance agreement has been breeched.
Can a repo man cut a lock holding a trailer on to a truck up for repo?
Each state has different laws regarding repossession so it would depend on your state. It is true that every state has different laws regarding repossession, but this might fall under the breaking and entering statutes for your state. Very difficult to say without knowing what state and having some legal knowledge. However cutting a lock would be considered very bad form almost anywhere. Further if the repo-man simply takes the broken lock and repossesses the truck it will just be his word against the debtor, and it will probably go no where. Unless there is a security camera.
Can you be arrested for not turning over your car for repossession in georgia?
I own a repo company in Washington state, so I'm not a expert in Georgia laws, however in most cases states consider repossession or self-help repossession to be a civil matter. Most likely your local PD would not take action against you. This is provided there is not a court order, forcing you to turn over your vehicle.
Maryland State law regarding right of rescission on purchase of a vehicle?
There is no cooling-off period for vehicle purchases in Maryland. The only way that you could cancel the contract would be if they could not produce the finance terms that they promised.
Can a vehicle be repossessed if there is someone inside it?
No, that would constitute a "breach of peace" . However the repossession agent can call the police and request assistance some departments will comply, many will not due to the fact that it is a civil matter. However, if the repossession agent has a replevin order from the court the police will assist him in recovering the vehicle.
Clear car title car for repossessed car?
098765445436376547274574 After the vehicle is repossessed and the lien holder (lender) has physical possession of the vehicle (after following state law requirements) they would simply request, and pay for a new title at a cost of a few dollars, and upon proper proof of a proper repossession.
