In the state of New York, provided there is a legal order for repossession, once the vehicle is located, it may be secured and recovered.
The repossession agency has 24 hours to notify the registered owner of the repossession, but they are only required to do so by mail, and may do so to the address of record on the registration.
They do not have to notify anyone at the time of repossession other than local law enforcement of jurisdiction.
They must inventory and secure any property contained in the vehicle, and may charge a storage fee for that property.
If my car is repoed and the car is not worth as much as I owe am I responsible to pay the differance?
I have no idea seeing as I live in Arizona but a look at the Better Business Bureau website should answer some of your questions.
As much as the repossession company charges. These are private companies with the latitude to set their own fees.
Buyer's Remorse laws do not apply to the purchase of any vehicle.
No, GAP Insurance covers the difference between the market value of the vehicle the insurance company pays you after a total loss and what you owe to the financial institution.
Repos are covered by a number of different laws: contract,civil and depending on the actions of those involved crimminal law.Its best to ask a specific question and perhaps someone can point you in the rightdirection.
what happens to your liscense plates after reposesion in N.Y.
There are no emancipation laws in New York.
Bond?? whatever the NY authorities require to get a BL. Bond to get business?? Varies by lender. MAJOR nationwide lenders usually want $1,000,000 wrongful repossession insurance.Smaller lenders may not require a bond. Certification??? NOT required but it is VERY useful. At $350.00 for a cert course, it is money weel spent.
You will have to contact your local police. NY has a patchwork or laws.
Since you can post on the internet, do a search on NY gun laws.
no.