You have to review the criminal statues or codes in your state regarding this however, based upon the fact that you actually do not own the vehicle is question until it is paid off you may be subject to civil and criminal penalties. You should discuss this with an attorney in your state.
yes
I believe it is illegal to hide anything in any state from reposession.
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...
Do you have a repo contact at BoA? I am going to have the same problem. norris7875@live.com
The repo-man doesn't have to give his name. He can only tell you which bank sent him & where you can pick up your car when bank okay's it
Slightly confusing question. If YOU are the leinholder, why is the bank trying to repo the car? Why does the bank not know the laws of repossession in MI? If you(the leinholder) are trying to repo the car, CALL your attorney. You will need her/him to perform this LEGALLY.MI and CANADA are NOT good places to LEARN the repo business for beginners. Good Luck.
No.
The Repo rate is the rate at which the central bank lends loans to its member banks.
A long time if you hide it well!
It will be reported stolen.
He will report it as a stolen vehicle.
It gets reported stolen.