I feel sure that the state will not get the collection field
Yes, you can be arrested for theft.
If you are hiding the vehicle or continuing to use a vehicle that is no longer yours, you can be arrested for theft or fraud. Most lending institutions just repo the car, but if they have reason to believe that you're keeping their property from you they can go after you in criminal court.
Yes it is considered as grand theft auto
No you cannot.They can after a lengthy court process force you to turn over the vehicle but it never happens....if it did you see the countless repo posters citing the case here.
They can stop the vehicle from being licensed. They can declare that the vehicle is being held fraudulently and if you drive it you could be arrested. You signed an agreement and gave your promise to pay for the vehicle when you took out the loan. Is your promise worth anything? If you don't pay this loan you will probably have difficulty getting any future loans. You might be better off just contacting the lending institution and finding a way to pay off the loan, then the vehicle is yours and you don't need to look over your shoulder for the repo man.
Whatever the GVW of the vehicle requires.
You give the repo man the keys to the vehicle and let him take the vehicle.
According to the repo handbook, any debtor purposely hiding collateral from the bank to defraud them is illegal and you can be arrested when summoned to the court. I am a Repo man, and even if you hid thecar, no matter what eventually you will slip up and we will get the car...
It's possible, but a bit unlikely. However, if the repo agent comes to you, and you claim not to know where the vehicle is, then they can assume an unauthorized person is in possession of the vehicle, and might report it stolen.
There isn't any.This is a civil matter not a crimminal one.If you are stopped by the police for speeding they don't care if the car is up for repo it is not their problem.It is between you and the lender.That is why the lender hires the repo co.
good luck hiding a vechile from the repo-man! they cantrack down a vehicle by using the vin number and plates. after they get a hold of the vehicle, you'll either go to jail or have to pay a really big fine
Not at the time the lender seeks repossession of the vehicle, but if it is found that fraud has been committed (vehicle hidden, sold, etc.) them criminal charges could be applicable.
You have the right to surrender your vehicle to the lender voluntarily.You have the right to try to prevent the repo agent from recovering your vehicle, but you have a right to an attorney when you are arrested for actively attempting to hinder a lender in the recover of their collateral.You have the right--no, that's a responsibility--to pay the loan as you contracted to pay it.Once the vehicle is recovered, you have the right to claim any personal property you foolishly left inside the vehicle, and to pay the storage lot the fees they assess for storing it for you.That's about it.
No one has the right to enter your property to repo a vehicle. I your vehicle is out in the street, then its fair game. If you see the repo man coming but has not hooked up to your vehicle, you legally still have possession of the vehicle. Once the vehicle has made contact with the truck the vehicle belongs to him.
NO, a lease is simply a contract like a loan. DEFAULT of either calls for repossession.
If you have multiple vehicles, chances are they are not on the same loan. If you default on 1 loan and are current on the other they cannot repo the other vehicle. If they threaten you with they will repo your other car, or threaten you with saying such as you will be arrested. I suggest you contact an attorney and save any and all messages.
The legal definition may vary from state to state, but in general, it means intentionally hiding a vehicle when the payments are past due so a repo agent cannot find it.
No what he did is called assault.....is this a repo co. or a private individual? If your car is up for repo the police will not arrest you it is a civil matter between you and the lender.
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.
Highly unlikely after one missed payment. But if you miss three or four payments AND hide the vehicle from the repo man, it is possible.
Call the repo guys OR the lender.