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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.


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.


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?


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.


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.


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


Can a repo take place at your work in Florida?

A repossession can be executed anyplace or time that a person holding the repossession order sees the vehicle in question, as long as the repo man does not violate the law in doing so. That said, Florida law does not restrict repossession according to location.


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?


How long does the state of Florida have to file a voluntary repossession claim against you?

There is no specific time limit for a repossession in Florida. Florida law does not require a creditor to give notice before starting a repossession.


What is the car repossession law in Arizona?

check with your court house.


If vehicle is in repossession phase and you are pulled over will you go to jail for auto theft?

No. Not if the circumstances are as simple as stated. Repossession is a civil law procedure, not involving criminal law -UNLESS- the vehicle HAD already been re-possessed and you went and took it back from the repossession impound lot, or the repossession agent or the bank. If it had already been taken and impounded then, yes, you could be charged with auto theft.


How long does a repossession in Mississippi stay on your credit report?

By federal law, 7 years from the date of repossession or sale or last payment. The state is irrelevant.


Can an arrest be made after a repossession is made?

If a law was broken, yes, the person who broke the law can be arrested. The repoman cannot arrest the law breaker.


In California can anyone other than the licensed repossession agent repo the car?

your mom can


How long will a car repossession in California remain on your credit report?

7 years is the norm.


What is the largest amount a reposession cost can be in California?

There is no set limit on the amount that can be charged for a repossession.


Can an investergator get involved in a repo?

If the investegator is acting in his capacity as a police officer, then the repossession would be considered to be done under the color of law. It probably would not be a lawful repossession.


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

No they can not collect one PENNY - It is a law in MD . See financial regulations website state of MD


What if repossession agent damages RV or personal property during repossession under Texas law?

Then they're liable for the damages. You need to file a police report immediately.


What is the law on repossession of property in Michigan?

Self help and you may not breach the peace.


Does state of Nevada have a auto purchase rescind law?

new purchase not in repossession