Legal Question in Business Law in Arizona
I have a notarized loan giving the lender six months to pay, theres been one payment with no proof of income provided. May I collect (repo) the vehicle if I verify the person is unemployed. What's my move?
Asked on 7/17/12, 7:48 pm
1 Answer from Attorneys
Joyce Johnson-Stovall
Johnson Stovall and Associates PLLC
Lenders don't pay... borrowers pay. The borrower defaulted. Your loan documents may provide a self help remedy... if not, I suspect you will have to sue on the loan.
Answered on 7/18/12, 11:34 am
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