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What if bank did not notify you of the sale date on the repossessed vehicle?
Wiki User
∙ 10y ago
They do not have to notify you. You have no legal rights regarding car.
Wiki User
∙ 10y ago
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How to get back a repossessed vehicle if it was a lease?
Bring all the payments up to date.
How long do you have to notify insurance about a vehicle change?
Most policies will require you notify them within 30 days, this generally doesn't mean free coverage as they will date the change of your policy to the purchase date.
Why has your vehicle been repossessed if you are up to date on all title loan payments?
Call the loan company and ask them. If you are up to date on your loan you have a case against them.
What is a repossession affidavit?
It's the sworn statement that the lender files with the state DMV when a vehicle is repossessed. It includes data such as, how the vehicle was repoe'd (voluntarily or replevin order) the default date of loan, the date of repossession, the amount owed, the value of the vehicle, all indentifying information,(date and time, location) and so forth.
Is bank liable for lot rent prior to date of repossession?
Your question is a bit confusing. There are a couple possible scenarios, and a couple of possible answers. If you rent a parking space, and the vehicle is repossessed, then no. The lenderis not responsible for the debt you encurred. If the vehicle has been impounded, and has remained in storage long enough to have accrued storage fees, then the bank must pay those fees before they can recover the vehicle. However, those fees will be transferred to you, the contracted borrower and the person who allowed the vehicle to be impounded. If the vehicle is being held on a mechanic's lien, the same situation. The bank will pay the lien and transfer that cost to you.
How do you notify a change of billing date?
You should notify customers about a change in the billing date as soon as possible. The earlier you notify a customer, the easier they will be able to adjust.
What are your rights if your car is repossessed in Texas?
If your car has been respossessed, you no longer have the right to continue paying it off because they have lost faith in your ability to make payments. The bank has already paid about 500 to a tow truck driver to find and recapture the vehicle. However, you could buy it back at auction. See your bank for the auction date.
What date is used in cancellation of debt the last payment or when the vehicle was given back?
The debt is not cancelled simply because the vehicle was repossessed. The borrower is still responsible for the existing amount of the loan (if any) after the vehicle has been sold at public auction.
If you sent a payment to the bank clearly noted for a car loan but they deposited it in your account instead and then your car was repossessed can you sue the bank?
It depends. What was the result of that error being made? Was your vehicle repossessed because the payment went to the wrong account? As far as "legally filing a lawsuit" you can do that to anyone for anything. Most banks will rectify the mistake by correcting the routing of that deposit and clearing the late fee if they see that the payment was received on or before the due date. However, they can tell if it was an honest error or if you are trying to slip one by on them.
Does not having a signed date notify a contract?
Did you mean "nullify" rather than "notify". Not having a date on the contract may not nullify the contract.
Can a bank repossess a car before the last day of payment?
Unless it's explicitly stated in the fine print that they can't do any such thing, they have a right to repossess the moment the payment is rendered late, if they so wish. However, if you have documentation from the bank showing them explicitly giving you a deadline date, and they come to repossess before then, you may have grounds for a lawsuit. However, you would need to find out if it was the bank which had your car repossessed on that particular day, or if it was the repossessors jumping the gun and going forth with it before the date which they were specified to take possession of the vehicle.
Can a vehicle get repossessed if you are up to date on insurance and all payments?
Not usually, but extenuating or complicated circumstances might apply. I suggest you see a lawyer or consumer rights group (like the BBB).
