What are the rights of a lienholder on a car title when it comes to repossion of a vehicle?
If you don't have a "contract", you aren't a leinholder. A lienholder must have a contract and have filed the notice with the county recorders office and the title must state you as the leinholder. If the person is named on a title as a lien holder he or she has the legal option of repossessing the vehicle as it is determined by the laws of the state where the vehicle is registered.
You request it from the DMV of the state you have it registered in. If they haven't received notification from the lienholder, then you need to contact the lienholder and have them rectify this.
The lienholder has no liability for any damage done by the buyers vehicle.
All repossessions in the state of Wisconsin must have a valid repossession order, however police notification is not necessary. If your vehicle has been recovered by the lienholder, you may not receive the repossession notification immediately.
If there's a lienholder on that vehicle, yes, that lienholder can repossess it.
The order of repossession is their authorization to enter the car. If your car is being repossessed, it means there's a lien on it, and the lienholder called for the repossession to be carried out. You don't own the car - the lienholder does, until you pay off the lienholder and they relinquish the title to you. So yes, that tow company doing the repossession has every right to enter the vehicle they're repossessing.
Pretty much, yes.
Not all states require a repossession notification to be sent. Some require only that law enforcement be notified. Some states do not even require this much. Once the vehicle is repossessed in these states that have no requirement of notification, it is assumed that you know the reason your car is not where you left it the night before. This is deemed notification enough.
Yes, they are the only manner of payment allowed in many states for claims payments.
If they are legally repossessing it, it is their truck and they can do what they want with it.
It's more the same as repossessing a car.
Only if you have written permission from the lienholder.
If they are repossessing the vehicle for the bank, Yes.
to just be wreck less and break the laws : )
Contact the (former) lienholder to get them to release the title to you.
You need not notify the vehicle owner. It can be repossessed from a private driveway or yard. You cannot break into a garage nor threaten the owner with violence. The person doing the repossession must be licensed by the State. Within five days, you must send written notification to the owner, telling him to come get his personal belongings that were in the 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.
Not without permission of the lender. A vehicle cannot be sold without a clear title of ownership. The lender is named on the title of a vehicle as the "lienholder" until the vehicle is paid for or otherwise released by the lienholder.
No, it's 100% legal. That finance company is the lienholder. What that means is that, until you've paid that vehicle off and have acquired the title, the lienholder is the rightful owner of that vehicle, and has every right to reclaim their property when the conditions of the contract are not met by the lessee.
Either to the owner or lienholder depending on if there is a loan on the vehicle and if there is a loan, how much is owned. The lienholder gets paid first.
No. The lienholder is the rightful owner of the vehicle, and can reclaim their property as needed.
Not sure what you are wanting. Do you need a vehicle repossessed?
what is the question here?.... Just using a ? doesn't constitute a question