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Answered 2004-07-01 15:47:40

missy, I have nver heard of such a law. Call your state AG office for better advice. Or any local legal aid office. Sounds like a debtors dream, doesnt it?

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What are your options if you owe 5K on a vehicle but have over 10K in custom paint and extras invested and now only have a few days to present full payment before repossession?

Your option is to make the payment or have the car repossessed. If you had 10K to put into a vehicle that carries you from point A to point B, maybe you should have put some of it away for actual car payments.

If your car is going to be repossessed is it legal for you to sell it before the actual repossession?

Not without permission of the lender. A vehicle cannot be sold without a clear title of ownership. The lender is named on the title of a vehicle as the "lienholder" until the vehicle is paid for or otherwise released by the lienholder.

What are your rights as a consumer in the US as related to repossessions?

* You have the right to possess any vehicle you do make payments on or have paid for. * You have the right to retain possession of said vehicle provided you continue to make contracted payments toward the unpaid balance of the principle. * You have the right to have your vehicle repossessed if you fall delinquent on your vehicle payments to the contracted lender. * If your vehicle is repossessed, you have the right to recover any actual private property that was in the vehicle at the time of repossession. * You have the right to pay fees for recovering your property that was in the vehicle at the time of repossession. * You have the right to pay all unpaid balances and fees accrued as a result of the repossession process. That's about sums it up. I confess I did substitute "right" for "responsibility" in several places.

What the procedure for getting your car back after being repossessed?

Contact the lender who repossessed the car. You will have to make up all back payments and pay all fees associated with the actual repossession.

How do you do Percent yield?

Percent yield = (actual yield/expected yield) x 100 It can also be written as Percent yield = (actual yield/theoretical yield) x 100

What does it mean if you get a negative number when you calculate for percent error?

Depending on whether you subtract actual value from expected value or other way around, a positive or negative percent error, will tell you on which side of the expected value that your actual value is. For example, suppose your expected value is 24, and your actual value is 24.3 then if you do the following calculation to figure percent error:[percent error] = (actual value - expected value)/(actual value) - 1 --> then convert to percent.So you have (24.3 - 24)/24 -1 = .0125 --> 1.25%, which tells me the actual is higher than the expected. If instead, you subtracted the actual from the expected, then you would get a negative 1.25%, but your actual is still greater than the expected. My preference is to subtract the expected from the actual. That way a positive error tells you the actual is greater than expected, and a negative percent error tells you that the actual is less than the expected.

When a car is repossessed do you still have to pay for that car?

Yes. If there is a difference between the value of the vehicle and the balance still owed on the loan, plus applicable fees and interest, it must be paid by the borrower. However, the actual value of the vehicle may not be the amount that it is sold for even though the lender/seller is legally required to make a reasonable attempt to get the market value.

Is the legal payment date the date the transaction is initiated or the date the payee receives the payment?

The legal payment due date is the date specified in the contract. The actual payment date is the date the payment is initiated by the payor unless specified otherwise in the contract.

What percent of a vehicle must be damaged in order to consider it totaled?

Here in Nevada at least the cost to repair the damage has to be at least 65% or greater than what the vehicle is worthAnswerIt varies by state, anywhere from 50-75% of the car's actual cash value.

What is the actual launch vehicle for the Apollo 13 missions?

It was launched from the launch vehicle at Cape Kennedy.

Where can I go to get a cdl license?

Any single vehicle with a gross vehicle weight rating (GVWR), actual weight, or registered weight over 26,000 lbs. or such vehicle towing a vehicle with a GVWR, actual weight, or registered weight of 10,000 lbs. or less.

Average cost of a monthly car payment?

The average cost of a monthly car payment is $250. Of course the actual amounts will differ depending on the value of the car, and the amount of the down payment.

Does accrued interest include actual date of death?

No. because on that specific date you died. Payment is not based on actual time but dates.

How long can a repossession stay on your credit report?

This is tricky. There is no actual listing of the repossession on your credit report. There is a notation in relation to the debt owed. For example: say you borrowed the money for your car from ABC Bank. ABC Bank will then show as a credit action on your report. Next to that will be the balance of the debt, potentially the length of the contract, and a month by month code of your payment history in terms of thirty day payments. If the loan is defaulted, this will be noted. If the vehicle is repossessed, this will be noted as well. If no judgment is obtained, the notation will remain for seven years from the date of last payment. In the event of a judgment, it will remain for ten years.

What is 18 percent of 20 as a percent?

18% of 20, written as a percent, is 18% of 20. Written as an actual number, it is 3.6

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If the actual yield of Mg3N2 is 47.87 g and the theoretical is 50.26 g What is the percent yield?

Percent yield = Actual Yield / Theoretical Yield * 100 hope that helps :)

Does comprehensive auto insurance pay off and replace the vehicle in the event of auto theft?

Comprehensive is the coverage that would pay for the theft of a vehicle. The policy spells out the insurance companies options on payment. On any claim, the insurance company has the option to repair, replace, or pay the actual cash value of the vehicle in the event of any loss. Generally they do not replace a vehicle but pay the actual cash value less your deductible then allow you to purchase a replacement vehicle. As a matter of full disclosure, I own and operate a small Independent Insurance Agency and have for the part 22 years. Before that I worked as an agent for a direct writer insurance company. As for the payoff of the loan on the vehicle, the insurance company will have to issue payment to the bank up to the amount owed on the vehicle. The amount they pay has nothing to do with the balance on the loan. If you owe less than the ACV then the balance will be paid to you. If you owe more than the ACV then you will have to pay the difference to the bank or finance company.

What will your actual finance charge depend on?

how much of a down payment, length of loan, APR....

What is the actual amount if you get 30 percent off on 249?

If your question is:What is 30 percent of 249?Answer: 74.7

How is percent yield caculated?

Percent yield = (actual yield/expected yield) x 100

Do you have to have car insurance in California if you have a license but do not own or operate a vehicle?

No. You can only get car insurance if their is actual a vehicle to insure.

What is 92 percent of 250 percent?

Well, 92 percent of 250 is 230. You cannot take the percent of a percernt if the actual beginning number is not specified :-0

How do you show percent error?

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What is an amortization home loan?

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