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You bought a car and your contract is different from the contract the lien holder has What do you do?
Caspann
Contact the dealership. Maybe somebody just sent the wrong paperwork (it happens). If they don't correct it toot sweet then I'd advise reporting them to whoever oversees car dealerships in your state (probably the Department of Motor Vehicles and/or the Consumer Protection Agency) to get it resolved.
Wiki User
∙ 10y ago
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If you are the lien holder on a car can you reposs a car if there is no insurance on it?
Whether or not a lien holder can repossess a car if there is no insurance depends on the contract, local law, or both. In this state, a verbal contract is valid. You will need to check local law.
Must a loan company that bought a car dealer's contract on a vehicle honor the terms on that contract that was signed by the buyer of the car if no new contract was made between the new lien holder?
most definatly, and don't let the new company tell you otherwise.
Can a lien holder repo a vehicle for no reason?
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 ...
Is an assignee a lien holder?
An assignee of a lien is the new lien holder.
Does the lien holder have the right to repossess your car if you left on a handshake and you had no contract and it was a private lender?
Yes. If the lien is valid, a written contract is not necessary and the holder can legally repossess the vehicle in conjunction with the existing laws of the state in which the vehicle is located or in some cases where it was sold.
Can a dealer repo withOUT a sales contract?
Yes, if the Lien Holder of the vehicle gives them permission to repo.
Can you legally repo a car that is not in your name if you have a contract?
yes If you are on the title as lien holder. If not, you will need to go to court and show that the person with the car has defaulted on the contract.
Who needs lien insurance?
The lien holder would. A lien holder has a financial interest in the property
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.
Can a lien holder refuse release of lien if debt is paid?
If a debt has been paid off, the lien holder is required to release the lien. If the lien holder refuses, you will need to get a lawyer and take the case to court
What is a Lian holder?
I think you mean LIEN (not lian) holder. A lien holder is one (an individual or company) which holds the lien to a secured real or personal property.
Who may Repossess on another persons property?
Whomever the lien holder has hired for that purpose. Providing you have defaulted on the payment terms of your contract.
