Legal Question in Credit and Debt Law in California

Can they repossess the vehicle after having released interest in the vehicle?

We purchased a used vehicle in March 2011. In December 2012 the loan company delivered to us the title signed and dated releasing interest in the vehicle. Following instructions on the title, we submitted the title to DMV and a new title with no lienholder was issued to us. Now the loan company is threatening to repossess the vehicle. Can they repossess the vehicle after having released interest in the vehicle?


Asked on 2/09/13, 11:46 am

1 Answer from Attorneys

The release of interest does not protect you from a repo, but that coupled with title that shows no lien holder does. Only if they are validly registered as a lien holder can the legally repossess the vehicle. Otherwise it is auto theft.

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Answered on 2/10/13, 11:59 am


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