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In Texas can you still be sued if you voluntarily surrender a damaged car to the lender?

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Wiki User
2008-07-17 12:50:54

Yes, there is no difference of application of debt owed whether

a vehicle is voluntarily surrendered by the borrower or the lender

takes steps to recover the vehicle. The borrower is responsible for

all costs associated with the vehicle after it has been sold at

public auction. If the vehicle has been damaged and cannot be sold

under such conditions the borrower will be responsible for the

entire balance of the loan plus fees and penalties. The lender has

the right to pursue litigation to recover monies owed and if

granted a judgment can execute it against property belonging to the

debtor.


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