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How long do collection agencies have to recover debt after a vehicle has been repossessed in the state of New York?
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In New York State can an automobile be repossessed if it is in a carport and the repossessing agent does not notify you of his presence?
Yes. New York follows UCC laws when it pertains to the repossession of a vehicle. The borrower does not need to be notified of the action and the vehicle can be taken if it is not in an enclosed garage or locked property and there is not a breach of peace.
Car repo in ny?
A car can be repossessed in the state of New York if payments are late or defaulted. The only way to not get a repossessed is to make your payments on time.
Is it legal in the state of New York to be charged a fee to collect your personal belongings from a repossessed vehicle you don't plan to get back?
Yes. It is your personal property. It is taking up space on the property of the repossession agency. They may charge you for using that space.
What is the time period given before a car can be repossessed by a creditor in new york state?
Read the contract you signed. it likely states that when in DEFAULT, the lender can repo the collateral. Default is when you dont pay a payment as agreed or any other condition of the contract. No rocket science here.
New York State Vehicle and Traffic Laws?
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Why was the name New York important to the State?
The piece of land New York is on was given to the Duke of York as payment for a debt. Naturally, the Duke named the piece of land New York because he is Duke of York.
If your car was repossessed does the car loan company have the right to put a hold on your bank account then over draft it?
no the only thing they can do is take it out of your paycheck. Even In New York State
Does a 21 year old car need an emission inspection in new york state?
Yes, all New York state vehicles must pass a vehicle inspection in order to be driven legally. The vehicle must meet the requirements for the year that the vehicle was manufactured as well as a safety check.
How may you get a duplicate title for your Toyota which was lost when you moved to New York State?
Contact the DMV from the state you had the vehicle registered.
If a small payment is made after the statute of limitations expired does this reset the clock in New York State?
To the best of my knowledge, YES. Thank you for including what state you were inquiring about.
What is the percentage of cars that get repossessed in New York after purchase?
0.36 percent of cars purchased by owners acquiring loans are repossessed in a quarter in the New York. Repossession occurs as a result of failure of stressed borrowers to come to an agreement with their debtors.
