Yes, I think it is. We have so many laws concerning things like that.
All repossessions in the state of Wisconsin must have a valid repossession order, however police notification is not necessary. If your vehicle has been recovered by the lienholder, you may not receive the repossession notification immediately.
Repossession letters are not required in every state. In some states, face to face notification of the repossession suffices, and when the driver came to hook up your car, if you had a conversation with him at all (even if it consisted of you yelling "Hey!" and him gesturing to you) you received notice.
In the state of California, the lender of a repossession may only charge fees that it incurs and that are in the contract. If the lender pays for the storage or houses the repossession, then yes, the lender is allowed to charge both a repossession and a storage fee.
Generally the laws of the state where the contract was signed take precedence. I disagree. If the car is registered in California and titled in California, and located in California, California law applies. The validity of the debt, late fees, and so on ARE determined by where the contract was signed, but California has specific laws on the procedure for repossession.
What qualifications and licenses are required to repossess vehicles in the state of Nebraska?
No license is required,however you must have liability insurance
NO see CALIFORNIA CODES BUSINESS AND PROFESSIONS CODE SECTION 7507
The California Business and Professions Code is very clear on this point. The code states the following: With regard to collateral subject to registration under the Vehicle Code, a repossession occurs when the repossessor gains entry to the collateral or when the collateral becomes connected to a tow truck. You can find out more repossession related laws by checking out the website at mparepos.com. They have a FAQ page that answers all related repossession law questions for the State of California.
liability.
I only know about the state of Massachusetts. And yes in our state they have one hour to report the repossession to the police department in the town of which the car was taken.
Notification occurs within 24 hours, however this may be satisfied by the lender issuing notification that your vehicle is subject to repossession due to your default on the loan. In many cases, notification is done by next day delivery to the address where the vehicle was recovered (private residences) or to the home of record. In most New York state jurisdictions, it is necessary for repossession agents to notify law enforcement. This is as easy as contacting local dispatch and letting the operator know that a vehicle has been secured not stolen. This can also substitute for debtor notification, especially in situations of antagonistic debtors.
The short answer is Yes. However, Many state laws are different when it comes to "How" a Repossession must take place. Florida, Pennsylvania and California all require a state lisense. Other then that a Repossession order and a police report is all that is required. I live in pennsylvaia and repo Cars, Boats, Motorcycles and equipment in New Jersey, Delaware, New York and PA. I'm wondering why someone would ask such a question?