No, it's NOT legal.
No, a juvenile cannot enter into such an agreement and the repossession agent could be held legally accountable for attempting/taking part in such action.
Yes it is and they can tow your car away if you are parked at work! * In the majority of US states a repossession agent cannot remove a vehicle from a garage locked or unlocked, closed or open unless the agent has a replevin or other type of court order.
Vehicle repossession laws in Arkansas is the same there as it is in every other state. One must pay his loans or risk facing legal action from the one that one has borrowed from.
after a legal process the lender can both sue and have you arrested.
Present proof of your ownership and the lien contract to court and get a repossession order.
Yes. The garage can use their repair plate on the unregistered vehicle to make it legal to tow.
If you're supposed to surrendeer the vehicle and don't you can be reported for grand theft auto, which is a felony crime.
From personal experience, you do not have to be notified, but you do have to legally be notified of intent to sell vehicle, it has to be sold for a reasonable amount and they cannot enter a garage to repo. It's best to google repo in Indiana in order to obtain accurate information.
You have 45 days to pick up your property from the vehicle. That's it. They can tow from your home, work or anywhere else they may happen to find the vehicle.
if i understood what i have been told they can not destroy your property to obtain the investment they are repossessing.The recovery papers are to obtain legal possession of the vehicle mentioned in the orders.
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.
Yes. It is perfectly legal for a repossession agent to take possession of a vehicle when they are acting on behalf of the lender. The repossession agency does not have the option of allowing the borrower to retain the vehicle even though proof is presented that payments have been rendered. Such issues are strictly between the borrower and the lender. The lender and/or court being the only parties that can rescind the repossession action.