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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?
Wiki User
∙ 18y ago
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.
Wiki User
∙ 18y ago
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who is the lein holder?
Who is the lein holder on this vehicle
Who owns the vehicle you or the lien holder?
Well, you own the vehicle subject to the lien. You cannot sell or refinance the vehicle until the lien holder is paid. If you don't pay the lien, the lien holder can repossess the vehicle. So you own it subject to your paying the loan.
Who can repossess your car?
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.
Does the lien holder of a vehicle have the title?
No it does not
If a person with a license is too tired to drive can someone with a permit drive in his place?
Not if the license holder is too tired to stay awake or is sleeping. The license holder is deemed to be 'in control' of the vehicle - that is the reason for the law about accompanying a permit holder exists in the first place.
Can you get your finance company to repossess a vehicle from a second party?
If the lein holder didn't authorize a repossession can the person of ownership take charge and collect the vehicle, even if it's paid on time but both parties on reistration are no longer in agreement?
Can a lien holder file an ins claim on customer's auto policy?
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 lien holder is named on the policy and the vehicle has been repossessed, the lienholder has a right to recovery under that policy.
What if someone sells a vehicle with a lien on it can the buyer have it taken away?
If he pays off the lien yes. If not, then that vehicle is pretty much owned by the lien holder too! it doesnt make sense selling car
Lien holder on your vehicle?
The lien holder is the person or firm, you borrowed the money from to purchase the car.
Can you sell a vehicle if the title holder is deceased?
I believe you can sell it if you are the beneficiary, or if you inherited the vehicle.
Can a private person be a lien holder on a vehicle?
A lienholder is a person or bank or institution that gives someone a loan, so the answer is yes. A private person, friend, boss, parent, or anyone else can be recorded as the lienholder on a vehicle.
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?
The lien holder owns the vehicle and can legally hold the title until the loan agreement is settled or paid in full.
