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  • Liens
  • Federal Laws

What are the lien holder's rights for repossessing a vehicle?

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βˆ™ 2009-08-23 19:55:33

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What are the rights of a lienholder on a car title when it comes to repossion of a vehicle?

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βˆ™ 2009-08-23 19:55:33
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Related Questions

If a car was purchased in Louisiana and now it is in Texas what are the lien holders rights to repo the vehicle?

the lienholder can repo at anytime as long as there is NO breach of peace.


How to find a lien holders name?

AnswerLook on the title to the vehicle. 1


Do you own your vehicle if the title is clear off lien holders?

yes


What are the lien holders rights?

A lien gives you the right to hold the property of another as security for the carrying out of an obligation.


Does a lien holder have rights to your property in your vehicle?

no they do not


What are the vehicle lien-holder rights on a lien-holder claim?

What are my rights as a lien holder if the customer does not have full coverage even after it is part of his or her contract with us.


Who has legal rights over a repossessioned vehicle?

the bank or lien holder will have more rights


How can you ensure a valid sale of a vehicle if you cannot pay off the existing lien?

A vehicle cannot be sold without a clear title. A clear title can only be obtained when all lien holders have been paid or have agreed to sign off on the lien.


How do you get a car repoed witthout owner knowing?

Unless you have a lien on the car, you have no rights as far as repossessing the vehicle goes. If you send a repo agency - even as a joke - and they collect the car while you have no legal claim to it - then both you and the repo agent have committed theft.


Can there be 2 lien holders on a vehicle title?

Where I live the title can have Lien filed on it by anyone who has worked on or supplied parts for a vehicle. Also liens can be filed by any bank or lending institution who can get you to sign a form using the vehicle a s collateral.


What is the process of having the ownership of a vehicle that was repossed back into the lien holders name?

There is no transfer of ownership - the lie holder was always the one who had ownership of the vehicle.


Who can repossess your car?

An Authorized Recovery agent working on behalf of the lien holder can repossess the vehicle from the lessee. It is Illegal in the state of Indiana for someone who works for/ at the car lot or for the lien holder to repossess a vehicle under the car lot/ lien holder's company name. The duty of repossessing a car must be hired out to a recovery agency.


Does this vehicle have a Lien on it?

Does this vehicle have a Lien on it?


How can you find the lien holder information if you lost your title?

Contact the DMV for a replacement title. When you do this, they should also be able to give you the name of all lien holders on the vehicle. This is the easiest way.


How do you receive a vehicle title that still has a lien?

You can't. If a vehicle has a lien on it the lien holder is the owner of record of the vehicle.


Can a lien holder take a full settlement if there are other lien holders?

Yes--as to that lienholder's lien only.


how to tell if there is a lien on vehicle ?

free vehicle lien check ?


Can a lien holder sell the lien to someone else?

Yes. Generally, they can assign their rights under the lien.Yes. Generally, they can assign their rights under the lien.Yes. Generally, they can assign their rights under the lien.Yes. Generally, they can assign their rights under the lien.


How much can a vehicle be sold for once a lien has been secured?

If you have a lien on your vehicle, you can sell it for any amount. The vehicle is still subject to the lien which means that the purchaser can lose the vehicle if the lien holder collects on it.


Who owns the vehicle you or the lien holder?

Well, you own the vehicle subject to the lien. You cannot sell or refinance the vehicle until the lien holder is paid. If you don't pay the lien, the lien holder can repossess the vehicle. So you own it subject to your paying the loan.


Purchasing a vehicle privatley with a lien?

If you accept a vehicle title that has a lien placed on it you become responsible for settling that lien


When an auto is sold in a lien sale does the claimant have rights to anything more than the auto?

No. Once a lien has been enacted as a forced sale the person loses rights to the vehicle. Redemption options do not apply to vehicles.


Can a tow truck driver hit the car he is repossessing and cause damage?

Yes, he can cause damage, but then he has to pay for it. In the majority of cases if the vehicle property is damaged the lender is responsible. not the repo agent. Repossessing agents in the majority of states are required to have a "hold harmless" agreement signed by the lender/lien holder. This releases the repo. agent from being responsible for any damages incurred to the vehicle or other property.


How can I sell a vehicle in Texas that has a mechanic's lien?

Either pay off the lien and then sell the vehicle, or sell the vehicle and use the money to pay off the lien.


What type of lien is a Mechanic's lien?

A Mechanic's Lien is also known as a Construction Lien. Construction Lien rights are available to anyone providing material, labor or services for the improvement or repair of real property. To establish valid lien rights each state has certain procedures such as Preliminary and Warning Notices that must be delivered within specific time periods. If you are not familiar with the lien laws requirements of the state where you are working, it would be prudent to use a company that provides lien law administration or notice service. A Mechanic's Lien is mistaken by many to be a Vehicle Lien. Some states do allow those who tow, store or garage, and repair vehicles (vessels & aircraft) to place a lien on the title and to either ultimately take over the title or auction the vehicle to cover the outstanding debt. Vehicle Liens are complicated by a multitude of actions over a specific time line so it is highly recommended to use a vehicle lien company.