When your paid-for vehicle is titled in someone else's name and there is no way to prove how much each party paid can the title holder take the car away or charge you with theft?
If your name is not on the car, it is owned by and property of the person on the vehicle registration info. It is not relevant who is on the lending agreement, the person(s) whose name(s) are on the title to the vehicle and the wording of said title determines ownership. The title holder(s) have legal rights to a vehicle and if it is taken without their permission they can indeed file charges. Whether or not said charge can be "vehicle grand theft" depends upon the state law.
No a lien holder can not file a claim against the insurance company as they are not the named insured, you are. Although if there is a lien on the vehicle the insurance payment for damages to your vehicle will be in your name and the lien holder name. They then might require that you fix the vehicle so they can protect their interest in the vehicle. each lien holder is different. CORRECTION: If the…
If you have a charge off or write off on a car loan and the charge off is over 7 years old who owns the title to the car?
Are the repossession agent allowed to charge a storage fee and and a repossession fee in the state of Arizona?
An Authorized Recovery agent working on behalf of the lien holder can repossess the vehicle from the lessee. It is Illegal in the state of Indiana for someone who works for/ at the car lot or for the lien holder to repossess a vehicle under the car lot/ lien holder's company name. The duty of repossessing a car must be hired out to a recovery agency.
How do you find the lien holder if you only have the VIN of the car and no paperwork but you do have the car?
Not unless the lien holder goes and retrieves it from impound themselves. The reimbursement of government fees (federal, state, or municipal) outweighs the priorities of the lienholder. When a vehicle goes into impound, the agency which impounded the vehicle puts their own lien on it, and that lien takes priority over the original lien. If the vehicle is not retrieved from impound, it will be auctioned off, and the lien holder basically gets shafted in…
As the lien holder of the vehicle, they are contacted by the proper authorities that their asset (the said vehicle) is at an impound lot accuring fees. Because the lien holder is in essence the true owner of the vehicle until the loan is paid off & the lien is released, they have the right to reposses the vehicle from the impound. This is in the best interest of the lien holder because if fees…
Can a lien holder stop you from registering your vehicle for tags if you have defaulted on the loan?
If the creditor is the loan holder of the vehicle a lien is already in place. The title will show the loan provider as the primary lien holder. That insures the vehicle as collateral and if default occurs the lien holder can repossess the vehicle without going to court. Except in the few states that require the creditor to obtain a replevin order before seizing the vehicle.
Your jeep is in repossision but your ex wife has the jeep and the can not find it can you be arrested it is in your name?
Not normally ... there must be some reason for this action on the part of the lien holder. If just one payment is missed, or just one day late, the lien holder could claim 'breach of contract' and demand return of the vehicle. I would be asking a high ranking official of this lien holder this very question ...
Can an unlicensed registered owner of a vehicle obtain insurance as required by the lien holder of the vehicle?
If you don't, they can charge you some very high rates for their insurance. If you have driven (and been caught) driving without license, you may have trouble. You can have a friend be the principle driver. I assume you can not get an occupational permit either, so you may wish to sell the vehicle. You can always buy it back when you can use it.
The car owner and the policy holder better be the same person. If not nobody will be able to get the money. You cannot insure a vehicle that you do not own. If you do the insurance company cannot pay the policy holder because they don't own the vehicle. They can't pay the vehicle owner because they don't have a contract of insurance with the insurance company.
While I am not familiar with this "30 day hold," but the lien holder of a vehicle may take possession of the vehicle at any time after the loan has been defaulted. That is if you the borrower go delinquent on payments, and the vehicle is impounded (potentially for parking violations or excess unpaid tickets), the lien holder will receive notice. Actually they receive notice of impound even if you are not delinquent. If the…
It is possible. While it is more difficult for a vehicle lien holder to extend a lien to other, unsecured property, it is possible with a legal judgment. It is much simpler for this to occur if the lien holder and mortgage holder ar the same. In situations such as this, it is a simple matter of cross colateralization.
Providing you are transporting people for hire, a passenger endorsement is required by anyone operating the vehicle. Added: If you are actually driving the vehicle but you do not hold the proper endorsement yourself, you are in violation regardless of whether the holder of the correct endorsement is a passenger in the vehicle or not. It is YOU that is in control of the vehicle - not them.
Yes, but in most cases the title will not be released by the original lien holder until the original loan contract is paid in full. In some states, the second party puyer may be able to register the vehicle in his name even. In some states, you may be required to obtain the permission of the original lender to sell the vehicle.