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If you live in one state but your bank is in another which state laws apply when dealing with a repossession?
Generally the laws of the state where the contract was signed take precedence. I disagree. If the car is registered in California and titled in California, and located in California, California law applies. The validity of the debt, late fees, and so on ARE determined by where the contract was signed, but California has specific laws on the procedure for repossession.
What else can I help you with?
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.
Does the repossession company have to report the repossession to the police after the repossession?
I only know about the state of Massachusetts. And yes in our state they have one hour to report the repossession to the police department in the town of which the car was taken.
Can a state garnish your wages for a repossession if you now live in another state?
YES, states honor each others judgements. Same as suspending your DL cause you got a ticket in another state.
A sample letter of vehicle repossession for the state of Texas Where can you find one?
Sample letter of vehicle repossession for the state of texas
Do the same repossession laws mandated by the State of California apply when you purchase from a private party?
NO see CALIFORNIA CODES BUSINESS AND PROFESSIONS CODE SECTION 7507
What are the names of repossession companies in Washington state?
Five Star Process Service and Repossession
If your car is scheduled for repossession in one state and you move to another state can you reregister it in the new state?
In some cases yes. In a growing number of states, no. Florida was one of the first to pass this new law. In the state of Florida, if you have a single vehicle up for repossession, you may not be able to register ANY vehicles you own.
Are the Lender of a repossession allowed to charge a storage fee and a repossession fee in the state of California?
In the state of California, the lender of a repossession may only charge fees that it incurs and that are in the contract. If the lender pays for the storage or houses the repossession, then yes, the lender is allowed to charge both a repossession and a storage fee.
Will gap insurance covers repossession in the state of FL?
Gap insurance will not cover repossession in any state or territory of the US. Repossession is not a valid claim for insurance. In fact, it is possible your insurance could be cancelled as a result of the repossession, making you high risk.
Do the labor laws of the state in which you live or in which you work or in which the company is headquartered apply to you?
The labor laws of the state in which you work are the ones that apply to you. If a company is headquartered in one state, you live in another state, and work in still another state, the state you work in has jurisdiction.
Which state's auto repossession laws apply?
*More Info* I resided and registered the car in WV. I bought the car in PA. The finance company was out of Ohio. The lien went to a collection agency in CT, and I currently live in Alabama. Which state's laws would apply to my situation?
Is there an Auto Repossession Statute of Limitation in Mississippi?
As far as I know there is no statute of limitation on auto repossession in any state. Check with your state Attorney General to be sure. I will post a link for you to read. Repossession should be your last resort. Hiding a vehicle from repossession is a crime in some states. The consequences of repossession are always bad for you.
