Legal Question in Consumer Law in California
In California, do surplus funds from a vehicle repossession auction go to the creditor or debtor? The entire debt obligation - including all repossession fees/costs - were satisfied by the sale.
Asked on 3/08/10, 2:09 pm
1 Answer from Attorneys
Carl Starrett
Law Offices of Carl H. Starrett II
Under the circumstances you described, the excess should be returned to the owner/borrower.
Answered on 3/15/10, 12:43 pm
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