0
What else can I help you with?
How do you do a voulintary repossesions?
Contact the lien holder(bank) and inform them that you wish to surrender the vehicle
Can a bank repossess a vehicle that is not used for collateral?
If the bank has an order from a judge to liquidate or surrender property to satisfy a judgment, then yes, they may.
How do you voluntary surrender your vehicle to Wells Fargo Louisiana?
park outside a the bank, put a skunk inside it and leave
Is there a form giving permission for a repossession of a vehicle?
Well, yes, there is. It is called the loan or finance agreement you signed when you got the loan for the vehicle. When you sign that, you give permission for the bank to repo the vehicle if you don't make the payments. Unless you are talking about a "Voluntary Surrender", if that is what you are talking about, just call your bank and they should have one.
What if you want your vehicle repossessed?
I heard if you surrender your car back to the bank the loan is from, they will auction the car to get money back, if they DONT get the whole amount of what you OWE on the car... They will bill you the balance.T
How do you cancel ATM card of state bank of India?
surrender it to your State bank of india branch.
Can you voluntarily surrender a vehicle if you are currently residing in another state?
No
I was supposed to surrender a vehicle after Ch 7 bankruptcy but the bank says keep it and use it and they'll keep the lien on it What are they up to?
It doesn't sound like a bank's typical answer, you are not liable for the vehicle after the discharge of the bankruptcy, however since the bank still holds the title, they will probably write off the debt. You can request that they (the bank) put their intentions in writing, however I doubt that will happen. You may want to research different ways of getting a clear title from the BMV, it the bank truly wants nothing to do with the vehicle, you can go through the proper channels and if its not disputed, you can possibly end up with the title.
Do we the people have to submit my bank statements to the bank holding a car loan?
Not after you are approved. if you can't afford to pay, surrender it/
What happens if bank does not claim a motorcycle after Chapter 7 bankruptcy?
Why do you think the bank has to do anything? You signed a document filed with the court called "Statement of Intention" in which you said you were surrendering the motorcycle. You have to go to the bank and give them the keys and tell them where the vehicle is. They may direct you to take it to a specific location to surrender it. If they want to abandon the property, they have to do it in writing.
What is entry for vehicle loan taken from a bank?
vehicle a/c debit bank loan a/c credit
Who owns the vehicle the bank or the person?
In a loan where the vehicle is the collateral, it is registered, but if you do not keep up with your payments, the bank stakes their claim and reposseses it, so in a way, the bank owns it, and it is a rent-to-own vehicle.
