Repossession laws in the State of Texas?
Pay the note or lose the car. The vehicle may be recovered from
any location that is discovered provided the repossession agent
does not violate the FFDCP Act or break the peace. If the debtor
breaks the peace, that is on the debtor; many go to jail for such
If the repossession agent is not able to notify the debtor that he has secured the vehicle, the agent is legal bound to contact the jurisdictional law enforcement agency that a repossession has taken place with 24 hours of securing the vehicle. Most contact law enforcement as they are driving away from the recovery.
What are the laws in the state of Texas regarding car repossessions and wage garnishment for a repossession?
This is one question that I had to get the answer to recently, and with the quickness! I learned that the laws governing the rules of repossession vary from state to state. You will need to look up the laws to find out your states terms and conditions. The lending bank's state of origin does not matter, it depends solely on the state the vehicle is registered in. Massachusetts requires
If your vehicle loan was made in one state but the vehicle is currently in another state which state's repossession laws apply?
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.
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.
The laws and regulations on this in Texas were recently 'overhauled' and substantially changed. For up to date, precise information, please contact :- -Texas Department of Community and Housing Affairs, Manufactured Housing Division. They have an excellent website at -http://www.tdhca.state.tx.us/index.htm
What are the laws in the state of Florida regarding car repossessions and wage garnishment for a repossession in the state of Florida?
What are the repossession laws concerning a title loan company and are they able torepossess a vehicle 2 weeks BEFORE the first payment is due?
Does the word M-O-N-E-Y ring a bell? LOL Decent truck=$25K,INSURANCE(IF you can get written)$15Kper year office= phone lines,computer,faxes,cell ph,files,5-10K. AFTER you get all that, do you have CLIENTS???? Are there other repo companys servicing your area? You dont want a price war to start with. LAWS. Do you know them? FDCPA, G-L-B,FCRA, ect.... Texas TITLE STATE: Yes SECURITY INTERESTS: Shown on title held by lien holder. LICENSE REGISTRATION: Texas State Department of Transportation, Division of…