Legal Question in Credit and Debt Law in California
Is a lender authorized to repo your car without notice even if their legal contract says that if you are late in your payments you will get 7 notices before repossession takes place?
Asked on 12/31/10, 12:58 pm
1 Answer from Attorneys
Steven Simons
Law Office of Steven A. Simons
What contract states that you will receive seven notices before a repossession takes place? Most contracts do not state when a lender can repossess. They merely state that the lender can recover the car, without notice to you, if you are late. I would like to see this contract, at no charge to you, to discuss this matter further.
Answered on 1/08/11, 1:28 pm