New York State Car Repossession Laws Image Credit:ThamKC/iStock/GettyImages If you default on a car loan in New York, the lender can ask you to turn over the car at a mutually agreed upon place. The lender also has the right to disable or repossess the car, as long as it doesn't...
Please contact a qualified attorney licensed to practice in Mississippi to determine how the specific facts of your situation applies to Mississippi car repossession laws, which are subject to change. Read More:How to Fill Out a Waiver of Mechanic's Lien Research Your State's Laws Researc...
State laws regulate much of the repossession process. In many states, you can repossess the car as soon as the payment is indefault, a date that depends on the owner's loan or lease agreement. Federal law prohibits anybreach of the peacein a repossession, but what that term actually mean...
In Florida,failure to pay within 30 days allows the lender to repossess your carunder a process that's spelled out in Chapter 537.012 of Florida's laws on title loans. A repossession is hard to fight once it happens, but the law does regulate how the lender can go about it, and resel...
Car repossession is a dangerous gig. Most people don’t want to lose their vehicles, some of those people are 6’10” and aggressive. After the Feds put a bounty on the car, every other repo man in the LA area is after the vehicle too. It seems aliens may be involved with that ...
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State laws – and local regulations – vary considerably, but the creditor has the right to take back the vehicle because of late or missed payments. That’s who actually owns the vehicle, legally, until its loan is paid in full.
Repossession rules and timelines vary by lender and state laws. After your car has been repossessed, the lender can sell it. If the lender sells your car for less than what you owe on it, you may be on the hook for the difference, as well as repossession and early termination fees. ...
A car repossession is when a lender that holds ownership of your vehicle takes back that vehicle if you’ve fallen behind on your car loan repayments. In many states, your lender can repossess your vehicle if you miss a payment without warning. But some state laws require that the lender...
However, it is critical to know that lemon laws vary by state, so you must ensure your issue qualifies. Also, most lemon laws only apply to a new vehicle purchase, not a used one. Final Thoughts If you are considering giving your car back because you can no longer afford it, know tha...