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2006-08-17 01:04:50
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Can a cosigner coowner repossess a vehicle if the primary has not defaulted payment on the loan?

A cosigner or coowner cannot repossess a vehicle. That is something the leinholder does.


When can the creditors repossess your vehicle?

When you don't pay for it.


Do you have the right to go on the property to repossess a car in the state of Georgia?

Yes, as long as it does not constitute a breach of peace, such as attempting to remove a vehicle from a locked or unlocked garage. Unless the property is legally posted.


What do you need to do to legally repossess a vehicle in Texas?

need approval from hair vehicle


How long does a creditor have until they repossess a vehicle?

A creditor can repossess a vehicle at any time after a default(late payment, lack of insurance, etc.) occurs on the contract.


Do you need a license to repossess a vehicle in California?

Yes.


If you are in repossession status and are making efforts to pay on your late payments can they still repossess your vehicle?

Once the loan is in default the bank has the right to refuse payment and repossess the vehicle.


Do you have to have insurance to repossess a vehicle in South Carolina?

No, you dont even need keys to repossess a car in South Carolina


What do you need to repossess a vehicle in Nevada?

You have to posses the title on the vehicle and the documentation that there is a default in payments.


If a car that is being repossessed is at a residence of someone else and a vehicle is behind the car to be repossessed can they move it lawfully?

No. Absolutely not. If they enter a vehicle they do not have an order of repossession on, they've committed a crime. They may enter the vehicle they are there to repossess, and only the vehicle they are there to repossess.


What is Texas law on repose can they repossess from me because i was rude being rude?

They are not going to repossess a vehicle because you were rude. They can however repossess it if you miss just one payment.


Is it illegal to repossess a vehicle in Texas?

No, not if the contract is in default. The lender/lienholder may repossess the vehicle under UCC laws as long as it can be accomplished without a breach of peace committed


Is it legal to repossess a vehicle out of an open garage?

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.


Can they repossess a vehicle anywhere other than your home?

YES.


Can you repossess a vehicle that you sold to a friend if you have a written contract for the sale of the vehicle?

yes, you are in a legally binging contract if you are both over 18 years of age and are therefore able to repossess the car.


Can you legally repossess your car with a lien on the title?

That is the only way you can repossess a vehicle. Repossession comes under the UCC which grants a lienholder the right to repossess but only if they have perfected their lien by filing it on the title. One caveate is in most states the lienholder can not repossess a vehicle that is under a mechanic's lien without first paying that lien.


Is it legal to repossess a vehicle for late fees and not regular vehicle payments?

Yes. Any amounts owing.


Can a bank repossess if the borrower defaults and there is a cosigner on the vehicle?

The cosigner becomes the target next. If you default, it is up to the cosigner to pay the bill or both of your credits are ruined and the bank takes their usual steps to repossess a vehicle.


Can a mechanic repossess a vehicle if money still owed?

if you owe them money they generally will not release your vehicle to you in the first place


Can a bank in the state of Ohio hold the title or repossess an automobile that is in a spouse's name who did not sign the loan agreement?

Yes, if the vehicle was purchased during the marriage it is considered community property.


Can the bank repossess a vehicle even if the payments are current?

Not IF you reaffirmed the loan with the creditor.


Can you repossess a vehicle if it's been charged off on your credit and was stolen?

Yep!


Can Ford deactivate the on board computer if you are behind on your payments?

No. They can, however, repossess your vehicle


Can my car be repossessed if I own it?

If there are no liens against your vehicle, there is nobody who has (or to have) ground to repossess it.


What are the state laws for repossession in the state of Oklahoma?

In Oklahoma, a loan company can repossess a vehicle when it is just 1 payment behind. These companies can also repossess a vehicle at any time of the day or night as long as they do not breach the peace.