If i have a vehicle repossessed in the state of Texas, is there anything that requires me to pay off balance after vehicle is sold at auction?
Sample letter of vehicle repossession for the state of texas
what are the legalities of voluntary vehicle repossession
REPO LAWS DOT COM has a good over view of the rules in Texas.
The legal remedy for vehicle repossession is covered by UCC laws. Regardless of where the lender is located the car can be repossessed under the laws of the state where it was purchased or where it is now located, whichever means is most advantageous to the lender.
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.
Can a repo man bust a chain and lock to your gate to gain access to your property for reposesion of your vehicle. I live in Texas.
How many days csn you be late befor repo
thirty minnuts after the repossession of the car.
is there limitatons on a default of loan on a vehicle as far as civil action?
Laws on this vary by jurisdiction.
It isn't relevant as both states allow repossession of a vehicle under UCC laws (without a breach of peace).
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 behavior.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.