No it is not illegal for the repo agents to call the police because if it's a reposession, the lender has a financial interest in the car, and since the pink slip holder of the vehicle (the lender) OWNS the car, the lender has every right to the car since it wasn't paid for. However I'm not completely sure what authority police can exercise. I think the next step a lender can take on an unpaid car is to sue/send to collections, or garnish wages.
No.
They have no liability for a vehicle repossessed lawfully from their property.
Yes
No, it's 100% legal. That finance company is the lienholder. What that means is that, until you've paid that vehicle off and have acquired the title, the lienholder is the rightful owner of that vehicle, and has every right to reclaim their property when the conditions of the contract are not met by the lessee.
YES In most jurisdictions, In some places (where I live ) the police must be there and observe to protect both reposseser and property holder.It is illegal in most places to hide the vehicle or attempt to block the repossession of a vehicle.So I (If I were doing this) could enter onto or into a persons property and if that person is unavailable or unwilling to move a blocking vehicle I can move that vehicle taking "REASONABLE"care to not do any property damage.I can then take the target vehicle.
If you are intentionally concealing property from the lawful owner, then you have 'converted' it to your own use, which is illegal. You do not "own" the vehicle, you are only being "allowed" to use it by the owner, as long as you continue to pay him for that privilege. When you stop paying (for whatever resason) he has every right to take his property back.
In Maryland, if you default on a loan secured by personal property, the lender can repossess the property without court involvement as long as it can be done without breaching the peace. The lender must provide written notice of the repossession and sale of the property. Additionally, the debtor has the right to redeem the property before the sale by paying off the amount owed.
Concealment of a car up for repossession in Florida is a felony. You can be charged with hindering a lender in repossessing a vehicle, or even grand theft auto. Additionally, the state of Florida will not permit you to register any vehicle in your name if you have an active repossession against you.
In the state of New York, provided there is a legal order for repossession, once the vehicle is located, it may be secured and recovered. The repossession agency has 24 hours to notify the registered owner of the repossession, but they are only required to do so by mail, and may do so to the address of record on the registration. They do not have to notify anyone at the time of repossession other than local law enforcement of jurisdiction. They must inventory and secure any property contained in the vehicle, and may charge a storage fee for that property.
In the State of Arizona, the license plate belongs to the debtor. They cannot charge you for your plate but they can charge you for inventory and storage of your personal property (which, incidently, includes your plate).
You need very good proof it was not damaged before the repossession. Nearly impossible to do as he can say it was damaged when he got it (and he will, believe me).
No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.