In the state of Ohio, your car may be repossessed if you miss one payment. Your car may be taken any time of the day or night by the repossession company. The repossession company is not allowed to keep any items that you may have left in the car. The company must inform you as to what they are going to do with the car, including selling it, putting it in a car auction, or keeping it.
what are the legalities of voluntary vehicle repossession
its not the laws of Ohio. its the laws of each town or city. i repo in Ohio and it varies everywhere you go.... email and I'll try to answer your questions or find them out, email@example.com
NONE OF THE ABOVE. Call an attorney ASAP.
*More Info* I resided and registered the car in WV. I bought the car in PA. The finance company was out of Ohio. The lien went to a collection agency in CT, and I currently live in Alabama. Which state's laws would apply to my situation?
If my car is repoed and the car is not worth as much as I owe am I responsible to pay the differance?
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.
Depends. Are you receiving the car or are you selling the car.Repossession = againRepossession = ownershipRepossession = gaining ownership again
See the links below for the repossession laws and other information for Wisconsin.
who is allow to do Vehichle/car repossession? when is a vehichle/car repossession not allowed? whats the minimum insurance needed for car repossession?
It isn't relevant as both states allow repossession of a vehicle under UCC laws (without a breach of peace).
How do you write a car repossession letter?
is concealing a car from repossession a felony in georgia?
Yes, after due process is followed in accordance with the laws of the state.
search on "recovery agent" + OHIO" in your browser.
The repossession laws will vary with each city/state. A title loan company can't repo a car if the payment is not yet due unless the car is behind on payments.
Yes, I think it is. We have so many laws concerning things like that.
Since you posted on the internet, do an internet search on Ohio gun laws.
Proof that you are you and MONEY to the lender. Plus any inventory fees for counting the mickey D's cups.
Per the Uniform Commercial Code, repossession is allowed without committing a breach of the peace. For specific legal regulations, see the related link below.
The repossession process of a car usually takes about 6 months
NO, you cant do that in ANY state. It will get you sued quickly. Ohio Repo Laws
Depends on the state you live in and their repossession laws. If you are smart you will return the car if you are unable to pay for it. The car belongs to the bank until it is payed for.
A repossession is a repossession, no matter if it is voluntary or not. Your credit will be ruined for 7 years.
Basically repossession is controlled under Federal Law, which says "If owner of the car misses continuous payments, the loaner has the right to repossess the Vehicle and wait for the payments to be caught up, or to resell it".