Legal Question in Credit and Debt Law in Florida

vehicle lien

can vehicles be ordered sold or repossessed by lien holder? does person who owes money have to sign a power of attorney for vehicle if he signs lien agreement


Asked on 1/30/07, 11:16 am

1 Answer from Attorneys
Barry Kaufman The Law Office of Barry W. Kaufman

Re: vehicle lien

If the lienholder is a financial institution, the finance contract will grant the finance company a security interest in the car. This means that the finance company can repossess the car and sell it if you fall short on your payments. there's no power of attorney involved.

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Answered on 1/30/07, 12:46 pm


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