Legal Question in Consumer Law in California

Re: auto loan

My grandmother told me to never look a gift horse in the mouth, but it is always possible the bank made a mistake. If you tried to make a paymet and they wouldn't take it, try to get a statement in writing from them. That and the release of lien on the title should be enough to protect you.

If you want to be really cautious, then set aside the payments you would have normally made into a special savings account. You can set the money aside in case they suddenly realize they made a mistake and start demanding payments.

Re: auto loan

In addition to setting aside the money, I would suggest you send a certified, return receipt letter to the bank telling them of what you discovered. Also write that if you don't hear from them in (say) a date within 2 weeks -- give them a date certain -- you will assume that they agree that you no longer have to pay on the loan. That way you've covered yourself and you're relying on their waiver.