In Texas, a self-help repo refers to the process by which a lender or repossession agent can reclaim a vehicle from a borrower without court intervention, provided it can be done without breaching the peace. This means that the repossession must occur without force, threats, or any disturbance to the public. Texas law requires that the lender notify the borrower after the repossession, and the borrower has the right to redeem the vehicle by paying off the debt. This process is often utilized when borrowers default on their auto loans.
Operation Repo - 2007 Mess with Texas was released on: USA: 23 April 2012
REPO LAWS DOT COM has a good over view of the rules in Texas.
yes
the lienholder can repo at anytime as long as there is NO breach of peace.
Yes
Texas, Florida, New Jersey, California and Illnois.
YES, it is true in ANY state EXCEPT CA and FL.,there if its on the hook or in the agents control, its a repo.
No. The bank didn't do it...... the repo man did. See the problem with your logic?
yes, but they cant break & enter to do so.
Yes, you can if they cannot garnishee your wages.
Yes, as long as the property is not attached to the vehicle as in wheels, radio, etc.
I am wanting to start my own recovery agent biz. i need someone to point me the way. i am in Texas .