The information listed below provides a brief summary of individual state laws regarding secured transactions. Since an automobile loan is almost always a secured loan — meaning the financed property is the collateral — theselawsare applicable to situations involving auto repossessions. ALABAMA When re...
Florida Repossession Collection Laws & Statute of Limitations Like most states, Mississippi has adopted the Uniform Commercial Code in its laws governing secured transactions. A secured transaction occurs when a creditor allows a purchaser to borrow money to buy a large item, such as a car. In su...
In Mississippi, towing laws provide that no more than three vehicles in combination may be towed by saddle-mounts, placing the front wheels of the drawn vehicle upon the bed of the drawing vehicle. The overall length of the towing and towed vehicles must not exceed 75 feet. Tow Truck Compan...
The information listed below provides a brief summary of individual state laws regarding secured transactions. Since an automobile loan is almost always a secured loan — meaning the financed property is the collateral — theselawsare applicable to situations involving auto repossessions. ALABAMA When re...