answersLogoWhite

0

It's legal in all states, including Tennessee. The lienholder has a legal right to reclaim property which is legally theirs if the terms and conditions of the finance agreement are not upheld by the lessee.

User Avatar

Wiki User

10y ago

What else can I help you with?

Related Questions

Do you have to have any license to repo in tn?

In Tennessee, a repossession agent must have a license to operate legally. This requires completing a background check and obtaining a license from the Tennessee Department of Commerce and Insurance. Additionally, it’s important for repossession agents to comply with state laws and regulations regarding the repossession process. Without the proper licensing, repossession activities can lead to legal penalties.


Is there a casino in Tennessee?

There are no legal casinos in the state of Tennessee. Casino gambling is illegal in the state.


Are same-sex civil unions legal in Tennessee?

No. Civil unions are not legal under the laws of the state of Tennessee.


Are pocket bikes street legal in Tennessee?

yes pocket bikes are legal in the state of tennessee,but you have to wear a dot helmet.


What is considered an illegal repossession?

Repossession laws vary from state to state. States also have different provisions for different types of property. You would need to be more specific about the circumstances, the property and the state where the repossession would take place. Your question should be reformed to ask, "Is a repossession under the following circumstances legal"? Asking what is considered an illegal repossession is much too broad a question.


Is the nurse practice act a law that defines state statutes governing practice in a state or a legal scope of practice within a state?

Yes


What are the FHA auto repossession guidelines?

The FHA does not have specific guidelines for auto repossession. Auto repossession is typically governed by state laws and the terms of the loan agreement between the borrower and the lender. It is important to review the terms of the loan agreement and consult with legal counsel if facing auto repossession.


What legal qualifications or licenses are required to become a vehicle repossession agent in the state of Nebraska?

What qualifications and licenses are required to repossess vehicles in the state of Nebraska?


Can you collect a repossession fee if you do not send a pre repossession letter in Maryland?

In Maryland, a repossession fee cannot be collected if a pre repossession letter was not sent to the debtor. The letter is a legal requirement that must be provided before repossession can occur, and failure to send it could invalidate the repossession.


Is there a Tennessee State Board of Dermatology?

Tennessee does not have a specific State Board of Dermatology. Instead, dermatologists in Tennessee are regulated by the Tennessee Board of Medical Examiners, which oversees the licensing and practice of all medical doctors, including dermatologists. This board ensures that practitioners meet the necessary standards for education, training, and ethical practice in the field of medicine.


How long can a creditor collect on a voluntary repossession that has a deficiency balance in the state of tn?

In Tennessee, a creditor can typically pursue collection for a deficiency balance resulting from a voluntary repossession for up to six years. This period is based on the statute of limitations for written contracts in the state. However, the creditor must act within this timeframe to file a lawsuit for the deficiency balance. It's advisable to consult with a legal professional for specific guidance related to individual circumstances.


Where is there a casino in Tennessee?

There are no legal casinos in TN, since state law does not allow them.