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What is the law for repossession of motorcycles in the state of Arkansas?
Wiki User
∙ 16y ago
It is a civil court action. Do not make the mistake of believing that you OWN the vehicle. The lender owns the vehicle up until the day the final payment is made. You undoubtedly signed an agreement, contained within the financing papers, that you agreed to make the required payments on time. When you fail, all the lender has to do is show cause that the contract was not honored and apply for repossession in order to recover his property.
Wiki User
∙ 13y ago
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