Legal Question in Civil Litigation in California
Lienholder ''Legal Owner'' right to repossess vehicle
I provided a loan for the purchase of a vehicle and am not the ''legal owner'', according to DMV. The ''registered owner'' who I gave the loan to has not made any payments; loan was due in full as of 2/1/09. Can I repossess the car? What laws do I have to follow?
Asked on 2/25/09, 9:03 pm
1 Answer from Attorneys
Adam Telanoff
Telanoff & Telanoff
Re: Lienholder ''Legal Owner'' right to repossess vehicle
There are two ways to look at this.
First, in order to "repossess" the vehicle, you will need to have a security interest in the vehicle, which would be a written document signed at the same time you made the loan.
Alternatively, you need to sue, get a judgment and then levy on the vehicle to satisfy the judgment.
Answered on 2/26/09, 11:27 am