I have no idea seeing as I live in Arizona but a look at the Better Business Bureau website should answer some of your questions.
If my car is repoed and the car is not worth as much as I owe am I responsible to pay the differance?
As much as the repossession company charges. These are private companies with the latitude to set their own fees.
what are the legalities of voluntary vehicle repossession
Repos are covered by a number of different laws: contract,civil and depending on the actions of those involved crimminal law.Its best to ask a specific question and perhaps someone can point you in the rightdirection.
In the state of New York, provided there is a legal order for repossession, once the vehicle is located, it may be secured and recovered. The repossession agency has 24 hours to notify the registered owner of the repossession, but they are only required to do so by mail, and may do so to the address of record on the registration. They do not have to notify anyone at the time of repossession other than local law enforcement of jurisdiction. They must inventory and secure any property contained in the vehicle, and may charge a storage fee for that property.
what happens to your liscense plates after reposesion in N.Y.
=purple and black=
Just log on to WWW.statelaws.com and ask questions.
Vehicle repossession laws in Arkansas is the same there as it is in every other state. One must pay his loans or risk facing legal action from the one that one has borrowed from.
There are several web resources about repossession in Illinois. In addition to this information, the Illinois General Assembly's website contains the full text of all Illinois Laws. Please see the links below.
It isn't relevant as both states allow repossession of a vehicle under UCC laws (without a breach of peace).
Repo Laws can be found at a site called www.dmv.org or you can also check your local laws.