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Is it true that in Connecticut they can only attempt to collect the difference on a voluntary repo if it is over 2000 dollars?
Wiki User
∙ 19y ago
I dont find it. IF you do ,please email me. http://www.cga.ct.gov/olr/ba2001/1226.htm Sale of Accounts, Chattel Paper, Payment Ingangibles, or Promissory Notes. In certain cases the secured party is not required to pay the debtor any surplus in the collection or disposition of collateral and the debtor is not liable for any deficiency. Under current law, this applies to secured transactions involving a sale of accounts or chattel paper. The bill expands this list to include a sale of payment intangibles or promissory notes. As under current law, the parties can agree otherwise. CT. General Statutes http://www.cga.ct.gov/2003/pub/titles.htm?ctportalPNavCtr=|27589|27590|#27592
Wiki User
∙ 19y ago
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