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Repossession
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The bank disposed of your PP in vehicle 5 days after repossession and is very boastful of doing so what recourse do you have?


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Wiki User
2005-02-03 19:26:48
2005-02-03 19:26:48

IF they have violated the law, then you need to contact a local attorney ASAP. http://www.legislature.mi.gov/mileg.asp?page=mostrequested

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im Missouri it is 10 days after repo, the title can be filed for repo by institution.

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Sample letter of vehicle repossession for the state of texas

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I don't think there is a statute of limitation on repossession of a vehicle anywhere as long as there is an overdue payment outstanding.

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The debtor is liable for the payout balance of the vehicle less resale amount. Additionally, he must pay any repossession fees, storage fees, transportations fees, interest from the lender, and penalties. In the evnet these are not paid, the lender will have no other recourse but to sue for the balance along with court costs, and legal and collection costs and fees.


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