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The laws for all US states are much the same. In MO. when a vehicle is repossessed by the lender due to a default in the terms of the contract the lender is required to sell the vehicle at public auction for the amount closests to its assessed value. If there is a discrepancy in the amount for which the vehicle is sold and the balance of the loan, the lender may pursue collection for that amount in the manner the law allows, which can include a lawsuit.
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∙ 15y ago
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Buyers remorse in Missouri?
Yes, but not on the purchase of a vehicle. Only on an unsolicited purchase. Cars do not come under this law.
Should the spouse be given college information of the child he is paying support?
That depends on state law. In Arizona, no. In Missouri, yes. see link
Do you stop paying at 21 even if the child is in school?
that's dependent on state law. Missouri goes to age 23 if they are in school. see link
Is it against the law in Florida to refuse to return a repossessed car?
CIVIL law YES, criminal no.
When was University of Missouri School of Law created?
University of Missouri School of Law was created in 1872.
What is University of Missouri School of Law's motto?
University of Missouri School of Law's motto is 'Salus Populi'.
What is bench probation in state of Missouri?
what is the newest probation law in missouri
Do court papers have to be served before your car can be repossessed?
That depends on the state law, but generally, no.
Is brothers in laws' cars a correct term?
No. Definitely not. That would mean the cars of my brothers in laws. You mean the cars of your brothers in law. Try rewriting the sentence so it says the cars of my brothers in law. If you can't, you can try brothers in law's cars, which would mean cars of my brothers in law, but it's still not quite right.
Does Virginia have a right of rescission law for used cars?
No, they do not have a right of rescission law for used cars.
What is the inheritance tax rate in Missouri?
Missouri does not have an Inheritance Tax. The law was repealed as of 1981
How do you know if your car has been repossessed?
Repossessors are supposed to notify law enforcement when they repossess a car.
