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In Kentucky, if a buy here pay here establishment wants to repossess a storage building you purchased, they must follow the rules outlined in the security agreement you signed. Typically, they must provide notice of the repossession and give you a chance to catch up on payments before taking action. If it has been six months since you made arrangements, it is advisable to review the terms of your agreement and contact the establishment to discuss the situation.
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What are the laws on mobile home repression?
Laws regarding mobile home repossession vary by state, but generally, the lender must follow state-specific procedures to repossess a mobile home if the borrower defaults on the loan. These procedures typically involve giving notice to the borrower, obtaining a court order, and conducting a lawful repossession. It is important for both lenders and borrowers to be aware of the specific laws governing mobile home repossession in their state.
What are the laws on Repossession breaking and entering?
Repossession agents can enter a property to repossess an item if they have permission to do so or if the property is not under the control of the owner. They are not allowed to engage in breaking and entering to repossess an item. If a repossession agent unlawfully enters a property, they can face legal consequences.
Can conns appliance physically repossess an unpaid appliance?
Yes, Conn's can physically repossess an unpaid appliance if you fail to make payments as agreed upon in the purchase or lease agreement. They have the legal right to take back the appliance if you default on payments.
What are the laws in the state of Texas regarding car repossessions and wage garnishment for a repossession?
In Texas, a creditor can repossess a car if the loan agreement has been defaulted. However, they cannot breach the peace during the repossession process. Wage garnishment for repossession is not permitted in Texas unless the creditor sues the debtor, obtains a judgment, and then seeks a writ of garnishment.
What are the repossession laws on private property in Maryland?
Generally, open game. When you signed the contract, you more than likely signed a right to cure giving the lender the ability to enter private property to repossess the vehicle if necessary. If you are fishing for a way to hinder repossession, don't bother. It would be illegal for you to attempt to hinder the lender, and you could be charged with a felony.
Can a bank repossess my car if I am making some sort of payment?
If you aren't paying in full they can repossess the car. To a bank " some sort of a payment " doesn't count. Call them and make arrangements.
Is it legal for the lender to repossess a vehicle after you made arrangements and they accepted a payment?
it is legal, until it is paid for 100% and you have a title it belongs to them.
How do you repossess a car that your child was supposed to repay but that you took out?
IF your name is on the TITLE, you go get it. If not on the title, call the lender and make arrangements for them to repo so you can have possession of the car.
Can a bank still repossess your car if they said they would cancel it and you have made payment arrangements to get current?
If you continue to make payments as agreed, on time, you should be safe from repossession.
Is it legal without notice to repossess a vehicle in Indiana for being 12 days late on one payment?
Depends entirely on what the contract you signed says. If you are 1 day late they may be able to repossess the vehicle if that is what the contract says and what your state laws are regarding repossessions. Read your contract.
Can they repo a car once you have paid up to date but still owe 7000?
If you are up to date with your repayments then the finance company are unable to repossess your vehicle. If you have defaulted on your payments then they are able to repossess the car, the number of missed repayments which qualifies for repossession will be stipulated on the agreement you signed when you first purchased the vehicle.
Can a bank in the state of Ohio hold the title or repossess an automobile that is in a spouse's name who did not sign the loan agreement?
Yes, if the vehicle was purchased during the marriage it is considered community property.
In the state of Ohio can a person be arrested for not surrendering a car that was discharged in bankruptcy immediately?
You cannot be arrested for not surrendering a car. Make arrangements for the creditor to retrieve the car. If not, the creditor can repossess the car because the discharge terminated the automatic stay.
Can a finance company repossess a car in California if they are not on the registration?
two choices here. they have the VIN mixed up with yours OR they have purchased the loan contract from the original lender. Contact the lender and find out.
If a car was paid for and then you took out a title loan against it for twice the vehicle's value can the title loan company repossess it?
Why would they NOT be able to repo a car they purchased the title to? READ your contract.
Can a dealership repossess your car if they are not the lien holder?
No. The lienholder is the only entity with a right to repossess.
Can a finance company repossess your car if your license is suspended?
They won't repossess it for your license being suspended, but they can repossess it when you fail to make payments, regardless of what the current status of your license is.
