To my knowledge, the lender can ONLY repo when the loan is in DEFAULT. Does your acct. being minus put you in default????
As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.
Yes they can repossess everything that you got a loan for.
no
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.
When the owner defaults on the loan payments
not without legal cause
it is up to the bank to decide. Legally, as little as 1 cent.
I have NO IDEA, WHY look here if there is NO ANSERS
Yes, the bank has the right to repossess the vehicle if you are in arrears on payments.
If the bank holds the loan, then yes. If the payments are stopped, the bank will repossess anyways.
The bank's repossession of their house left the family with no place to live.
i know that one of the requirements is that the account has to be passed due for 60 days.