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Yes, an Indiana repossession company can charge a fee for retrieving tags and registration, but this is typically governed by the terms of the contract or agreement between the lender and the borrower. It's important for the repossession company to disclose any such fees upfront and ensure they comply with state regulations regarding repossession practices. Borrowers should review their contracts to understand any associated costs.
What else can I help you with?
Is it legal for a repo company to charge a storage fee to retrive personal property from the car in Nevada?
Yes, it is generally legal for a repo company to charge a storage fee for retrieving personal property from a repossessed car in Nevada. However, the amount and terms of the storage fee should be stated in the contract or agreement between the repo company and the vehicle owner. It is advisable to review and understand the terms and conditions before engaging with the repo company.
Is there a limit on what the repo man can charge?
No, he can charge what the market will bear.
Can you repo a car if you signed the loan but your ex-spouse is the only name on the registration and she is not making the payments?
You CANT legally. She could report it STOLEN if you did. Best thing to do is contact the LENDER and assure them that YOU will make the payments IF they will repo it. AND get the registration out of her name. They can do that AFTER repo. Good Luck and MERRY CHRISTMAS.
In Florida is there a limit on the amount of money that a repo company can charge?
In Florida, the repo company charges the lender with the cost to repo the car. However, the repo company can charge no more than $25 for storage of personals found in the auto.
Can vehicle registration be denied if you are behind on payments?
The repo man will tell you that, but no it is not true.
Can the repo man charge for personal items?
no
Can you repo a car when the title with no lien and registration is still in your name?
there is also no bill of sale on it.
What is the meaning of reverse repo rate?
repo rate - is the interest rate that reserve bank use to charge commercial banks repo rate - is the interest rate that reserve bank uses to charge commercial banks
How much does the repo man get per car in the state on NJ?
Well I own a repo business in Southern Indiana I charge $300 a car for 21 days($6300) and usually have 13 cars a month so at the end of the year before taxes I usually pull in $928,000 or more
How do you retrieve personal property from a towed vehicle?
Usual process is to call the local PD, find out who towed the vehicle and contact the tower for info on getting your PP. In the case of a repossession, you contact the LENDER to find out the details.
Can a lender prevent you from retrieving your personal property after they repossess your car?
Not Legally, to do so would be called "CONVERSION". In some states, the repo company can charge you a FEE for inventory and stoarge of your PP, but they cannot keep it it you pay the fee. i am in Florida and they said it will cost 200.00 to get my personal belongings,is there a cap?
Is there a place to find rules and regulations for repossessing vehicles in the state of Indiana?
If this is a contract sale of a motor vehicle, then Indiana Code 26-1-9.1-609 "Secured Party's right to take possession after default". In Indiana - self help repossession is permitted as long as there is no breach of the peace. WHOOPS - you want to be a repo man. There are no specific licenses for repo in Indiana. You'd have to check with your insurance company about bonding. The private detective field and repo field are closely related. You might check with the Indiana Secretary of State, Indiana Attorney General's office or you can call Indiana Professional Licensing Agency 317-234-3040 but that is mainly for PI work license.
