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The lender does not need to render a "Right To Cure" notice to the borrower when the contract is defaulted. Recovery of the vehicle may take place without judicial process only if it can be accomplished without a breach of peace. In other situations the lender should refer to, Georgia Code, 11-9-503.
What else can I help you with?
What are car repossession laws in Missouri regarding notification to auction a vehicle?
what are the legalities of voluntary vehicle repossession
What is needed to start a repossession business in Georgia?
check out laws and regulations in your stae(georgia)
What is the statute of limitations in Georgia for repossession of a vehicle?
I don't think there is a statute of limitation on repossession of a vehicle anywhere as long as there is an overdue payment outstanding.
What are the vehicle repossession laws in Arkansas?
Vehicle repossession laws in Arkansas is the same there as it is in every other state. One must pay his loans or risk facing legal action from the one that one has borrowed from.
Can you be arrested for not turning over your car for repossession in georgia?
I own a repo company in Washington state, so I'm not a expert in Georgia laws, however in most cases states consider repossession or self-help repossession to be a civil matter. Most likely your local PD would not take action against you. This is provided there is not a court order, forcing you to turn over your vehicle.
Does the repo man have to inform the police in Georgia?
In Georgia, a repo man is not required to inform the police before repossessing a vehicle, as long as the repossession is conducted without breaching the peace. However, it is advisable for repossession agents to carry proper documentation and adhere to state laws to avoid potential legal issues. If a dispute arises during the repossession, law enforcement may be called to assist.
Can an auto lender use an investigator for repossession?
Yes, an auto lender can use an investigator for repossession. This is often done to locate the vehicle and ensure that the repossession is conducted legally and safely. Investigators can help gather information about the borrower's whereabouts and the vehicle's location, which can streamline the repossession process while adhering to relevant laws and regulations. However, the lender must still comply with state laws regarding repossession practices.
Is concealing a car from repossession a felony in Georgia?
is concealing a car from repossession a felony in georgia?
In Georgia can a repossession vehicle be sold at any price regardless of book value?
Yes. Whatever it gets at auction.
Which repossession laws apply when a car is purchased and registered in Nevada but the finance company is based in Arizona?
It isn't relevant as both states allow repossession of a vehicle under UCC laws (without a breach of peace).
How long after repossession of your vehicle does the lien-holder have to sell the vehicle?
Forever Adding: I believe the questioner may actually mean to say - does the lien holder have to wait to sell it. Perhaps he doesn't understand that after repossession, it is then "their", that is the lenders, vehicle.
If your vehicle loan was made in one state but the vehicle is currently in another state which state's repossession laws apply?
the state the car is in govern the repossession, the lenders choice on which state governs collection efforts. Read your contract.
