answersLogoWhite

0


Best Answer

There are 7 states that require the lender to notify the borrower that the lender is asserting their "right to cure". Connecticut, Iowa, Kansas, Maine, Massachusetts,South Carolina and West Virginia. Wisconsin requires the lender to obtain a replevin order before the vehicle can be recovered.

User Avatar

Wiki User

โˆ™ 2006-09-10 20:42:16
This answer is:
User Avatar
Study guides

Loans

26 cards

What is forfeiture

Which of these is the best description of delinquency

Which term is defined as property that is pledged as security on a loan

This is Paula's monthly budget What percent of her expenses is spent on insurance

โžก๏ธ
See all cards
5.0
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
1 Review

Add your answer:

Earn +20 pts
Q: Which states require the lienholder to give notification before repossessing a vehicle?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What are the lien holder's rights for repossessing a vehicle?

What are the rights of a lienholder on a car title when it comes to repossion of a vehicle?


Can you repossess a car if you do not have a written contract on it but you are a lienholder and you have the title with your name listed as lienholder?

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.


How can you get a copy of a vehicle title that shows the lien holder has been paid therefore the lien has been released?

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.


What is my liability as a lienholder on a motor vehicle?

The lienholder has no liability for any damage done by the buyers vehicle.


In the state of Wisconsin can a car company repossess your car without a written notification and contacting the police?

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.


Can your car be repossessed from the towing lot that towes your wrecked vehicle?

If there's a lienholder on that vehicle, yes, that lienholder can repossess it.


Is repossessing a travel trailer the same as repossessing a vehicle and can they demand the balance owed in full?

Pretty much, yes.


Can a car that's repossessed be entered by towing company without authorization?

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.


Can a dealer tow a vehicle-with their own tow truck-if it has been impounded or if the dealer is repossessing it?

If they are legally repossessing it, it is their truck and they can do what they want with it.


What if they reposses your car and dont tell you?

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.


How do you reposess a commercial vehicle?

It's more the same as repossessing a car.


Are sight drafts which require presentation of the vehicle title by the lienholder to the liable insurance company before payment is made to lienholder for a total loss commonly used in the industry?

Yes, they are the only manner of payment allowed in many states for claims payments.

People also asked