Legal Question in Credit and Debt Law in California

Finance companies

Are finance companies that purchase auto contracts from dealerships exempt from FDCPA? Also, if a repossessed vehicle is sold for more than the balance owed do i get a refund? I owed 2000 on an Acura in good condition with a blue book of $11000.


Asked on 12/03/03, 8:10 am

1 Answer from Attorneys
Larry Rothman Larry Rothman & Associates

Re: Finance companies

Fiance companies are under the FDCA. We would be happy to review your documentation and consult with you. Please contact our office for an appointment. You should get any surplus.

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Answered on 12/03/03, 8:33 am


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