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What is the statute of limitation on vehicle repossession in the state of Florida?
Wiki User
∙ 14y ago
"Statute of limitations for repossessed vehicles" doesn't make a lot of sense.
If you're asking what the timeframe is to get it back... it varies depending on your location, but it's really, really short. Like, a few days in most places.
Wiki User
∙ 12y ago
Wiki User
∙ 17y agoThere isn't one.This is a civil matter between you and the lender.The lender can try and repo the car for as long as they want.But usually after a number of years they write the loan off.
Wiki User
∙ 13y agoThere is no SOL that applies to this matter. It is purely a civil financial contractural matter between the lender and the borrower.
Wiki User
∙ 14y agoAs far as I know there is no statute of limitations on repossession in any state. Check with your state Attorney General to be sure. I will post a link for you to read.
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What is the statute of limitations in Georgia for repossession of a vehicle?
I don't think there is a statute of limitation on repossession of a vehicle anywhere as long as there is an overdue payment outstanding.
Is there an Auto Repossession Statute of Limitation in Mississippi?
As far as I know there is no statute of limitation on auto repossession in any state. Check with your state Attorney General to be sure. I will post a link for you to read. Repossession should be your last resort. Hiding a vehicle from repossession is a crime in some states. The consequences of repossession are always bad for you.
What happens if you conceal a car on repossession in Florida?
Concealment of a car up for repossession in Florida is a felony. You can be charged with hindering a lender in repossessing a vehicle, or even grand theft auto. Additionally, the state of Florida will not permit you to register any vehicle in your name if you have an active repossession against you.
Is it illegal to conceal a car from repossession in Florida?
Concealment of a car up for repossession in Florida is a felony. You can be charged with hindering a lender in repossessing a vehicle, or even grand theft auto. Additionally, the state of Florida will not permit you to register any vehicle in your name if you have an active repossession against you.
In the state of Ca. How long is the statute of Limitations on a vehicle repossesion?
10 years, a repossession will stay on your credit for 10 years.
What if your car is registered in North Carolina but you move to Florida under a repossession?
Ouch! If your vehicle is up for repossession and you have moved from any state to Florida, you may find it difficult to register it or any other vehicle in Florida until the repossession matter is settled. Additionally, you can be criminally prosecuted in Florida if you attempt to hinder the lender in securing their collateral. Further, the repossession agents in much of Forida are among the best in the country, and the ratio of camera cars is pretty high; your vehicle will be found, and they will take it, probably at the most inconvenient time for you.
Can a repo take place at your work in Florida?
A repossession can be executed anyplace or time that a person holding the repossession order sees the vehicle in question, as long as the repo man does not violate the law in doing so. That said, Florida law does not restrict repossession according to location.
Is a repossession vehicle allowed to repossess a vehicle inside a private community in the state of Florida?
If the repossessor is allowed in, yes. They cannot force their way into the community.
Can you register a car that is repossessed?
In some states, most that is at this point. However, most states are also passing or reviewing legislation that would prevent the registration of a vehicle up for repossession, and in some states such as Florida, the registration of any vehicle to a person who has a vehicle up for repossession.
Can your wages be garnished for an auto lease repossession in Florida even if the leased vehicle has been turned in?
Yes, if there is still an amount owed.
What are car repossession laws in Missouri regarding notification to auction a vehicle?
what are the legalities of voluntary vehicle repossession
Can you sell a car that the bank tried to Repo 5 years ago and failed the car is still with the owner Can you get another title Is there a statute of Limitation Will the bank attempt again?
The vehicle belongs to the lien holder until the lending contract is paid in full or settled as agreed between the borrower and the lender. The DMV will not issue a clear title to a vehicle which has a lien attached. A vehicle is considered a secured debt therefore the SOL's is not a factor. The circumstances are such that it is highly likely a lawsuit will be filed as the lender would be able to recover a greater amount without the aggravation of a vehicle repossession and resale. When the lender can prove the borrower willfully avoided the repossession action additional damages can be awarded at the judge's discretion. In some states a borrower can be charged with a criminal misdemeanor for "hiding a vehicle" that is subject to repossession.
