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Under California law, a creditor can repossess the vehicle if it is in default without notice, even if the car payment is one day late. However, if there is a co-borrower on the loan, the creditor is required to give notice before repossession.

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โˆ™ 2014-06-18 20:13:10
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Q: Repossession law in California
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Related questions

What is the repossession law in California?

can you get your auto reposessed if your 2 payments behind NO


What is the repossession law in California for private sellers?

If the buyer has not paid they technically have not bought the item up for repossession. Go get that SH*T


Does a Right to Cure Notice have to be sent before repossession according to California law?

California allows self help repossession as long as there is no breach of the peace. There is no requirement to send a Right to Cure letter unless your specific contract says that one must be sent prior to repossession.


Motorcycle repossession and California law?

bought a motor cycle in the state of california, now live in washington. I was 20 at the time. Cannot make the payment what happens?


What are the repossession laws in California?

California statutes are organized into broad titles (i.e. Penal Code, Civil Code, etc.). Finding the applicable law on repossession depends on the type of property involved. For example, laws regarding car repossession are set forth in California's Rees-Levering Automobile Sales and Finance Act, Civil Code section 2981, et seq.


When does a repossession legally take place in California?

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.


If you live in one state but your bank is in another which state laws apply when dealing with a repossession?

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.


Are the Lender of a repossession allowed to charge a storage fee and a repossession fee in the state of California?

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.


Repossession law to carry a firearm?

Repossession agents are NOT law enforcement officers, if they carry firearms they must be properly licensed to do so.


What is Florida repossession law?

on products, not vehicles


What is the car repossession law in Arizona?

check with your court house.


If a car is sold after repossession does law state that it must be reported to the bureau as zero balance?

If a car is sold after repossession does the law states that it must be reported to the credit bureau as zero balance?

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