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What forms do repo agents need before they can legally repossess an automoble?
Wiki User
∙ 19y ago
Every State has differ papers. Louisiana has vol. surrneder (V/S repossession) and the new 2005 (year) self-help (S/H repossession). Let's start V/S (2 pieces of paper), you must be in default of payment or request repossession of your vehicle, plus a voluntary release agreement (2nd paper) must be signed by you and the co-buyer (if there is a co-buyer) and a faxed assignment to the repoman (1st paper, which you never see) from the lienholder to go get their vehicle, which you must freely want to surrender per that repoman's charm. If it wasn't voluntary then it ain't legal. No Pay $ - No V/S (on your part) - results in immediate legal action against you if desired by lienholder (at your expense). Sheriffs, Lawyer, Court get some of your money for their services per your decision to not work with lienholder per lienholders demands for $$ or V/S. Now S/H (3 pieces of paper), you must be in default 2 payments. A security agreement (one paper) must state that self help can be used against your loan. A "curement" (10 day notice) letter (second paper) was mailed to you (it your responsability that your mail comes to correct address per your application for this loan) and it has expired without payment. The repo man must be licensed (third paper) with picture ID on him (but you will never see him).
Wiki User
∙ 19y ago
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oiuo
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Three payments
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IF the lender accepts it you can.
Does the bank have to notify you before they repossess your car?
I have NO IDEA, WHY look here if there is NO ANSERS
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