Legal Question in Credit and Debt Law in Kentucky
REPO'd
In Kentucky does a bank have the right to repo a car if you've paid over 50% the sale price?
Asked on 10/09/07, 8:54 pm
1 Answer from Attorneys
E. Brian Davis
Davis Law Office
Re: REPO'd
A bank can repo the vehicle serving as collateral (the car) if you are in default. There is no "safe harbor" for having paid more than half of the purchase price.
Answered on 10/09/07, 9:37 pm
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