I know the police can confiscate vehicles used in crimes. And if there is a clause in the loan agreement saying they can foreclose if the vehicle is used for criminal activity, I'm sure they can, but am not sure what constitutes proof, or if they even have such clauses.
As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.
Yes they can repossess everything that you got a loan for.
no
When the owner defaults on the loan payments
If you aren't paying in full they can repossess the car. To a bank " some sort of a payment " doesn't count. Call them and make arrangements.
The bank doesn't own the car. Unless you used it as an asset, or collateral for a loan from them, they should have no hold on that.
it is up to the bank to decide. Legally, as little as 1 cent.
I have NO IDEA, WHY look here if there is NO ANSERS
Yes, the bank has the right to repossess the vehicle if you are in arrears on payments.
If the bank holds the loan, then yes. If the payments are stopped, the bank will repossess anyways.
The bank's repossession of their house left the family with no place to live.
A bank can repossess a car at any time the loan has defaulted. Many times a bank will wait until a payment is 2 to 3 months behind before repossession.