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Is it illegal for a finance company to use a financed vechicle as collateral?

you cannot use it as collateral because you need to hold title of the vehicle however in this case the finance company has the ownership of the vehicle not you.............


Can I use my car's title as collateral for a car equity loan?

When it comes to using collateral for a car equity loan using your car title is an option through certain loan providers it just depends on their qualifications and the value of your car.


If a patent ceases or has finished its patent protection term - is it free for the general public to use?

Yes. Patent term is typically 20 years, although extensions are available in certain cases.


Emancipation patent titles issued by department of agrarian Philippines can be subdivide and be use as collateral for mortgage of loan without certificate of fullpayment?

as a rule emancipation patent issued by the department of agrarian reform is beyond the commerce of man and it cannot be use as a collateral in a real estate mortgage in favor of any private lending institution except to the government. the purpose of the issuance of emancipation patent is to free the farmer from the bondage of the soil hence the grant is lifetime ownership to the farmer and his heirs. in the matter of whether it can be subdivided, the answer is in the affirmative as long as there is no change of ownership. in fact after the farmer beneficiary has fully paid his amortization and the property is release from its encumbrance, it is to remain as it is pursuant to the mandate of the law, p.d.27.


Can a creditor reposses your vehicle if you have the automobile and the title?

Yes, IF the lender has a contract specifing the car as collateral for the loan. Once you use the car for collateral, all the titles in the world wont stop the repo if you default the loan.


How can I conduct a patent search for free?

To conduct a free patent search, you can use online databases like Google Patents, the United States Patent and Trademark Office (USPTO) website, and the European Patent Office's Espacenet. These platforms allow you to search for patents by keywords, inventors, or patent numbers. You can also visit a local patent depository library for additional resources and assistance.


How can I properly reference a patent in my research paper?

To properly reference a patent in your research paper, include the patent number, title, inventor(s), assignee (company or individual who owns the patent), publication date, and the URL or database where the patent can be accessed. Use the appropriate citation style recommended by your academic institution or publisher.


Your vehicle has a lien can you borrow money?

A small loan company may use your title as collateral for the loan but the loan is relatively small. A bigger institution would not accept your vehicle as collateral because of the lien to another agency.


Is it possible to have more than one title loan on the same car?

No, it is generally not possible to have more than one title loan on the same car. Title loans require the borrower to use the car's title as collateral, and typically only one loan can be taken out against the same title.


Can I use my IRA as collateral for a mortgage?

No, you cannot use your IRA as collateral for a mortgage. IRA funds are meant for retirement savings and cannot be used as collateral for loans.


Do both owners have to sign vehicle title to use it for collateral?

It may depend on what state you are in, but normally, if the title reads John Smith AND Jane Smith, both parties have to sign. If the title reads John Smith OR Jane Smith, either party can sign.


Can you use a car as collateral for a personal loan with out a valid drivers license in Wisconsin?

In order to use a car for collateral, you must first have clear title to it. If there is a lienholder listed on the registration, then you do not have clear title to it and therefore do not own it. Unfortunately, outfits that loan money based upon vehicle collateral (car title loan) usually have the highest interest rates - you may be paying and paying on that loan for the next 20 years to even get close to any payoff figure. Read all the fine print ... especially the part at how much the percentage rate of this loan is going to be. Think you will be surprised and probably faint from the shock of it.