Legal Question in Credit and Debt Law in Kansas
Deficiency laws in Kansas
In the state of Kansas, if a car is re-possessed and the the loan balance is greater than the value of the car, can the lender sue the borrower for ''deficiency'' when the car is finally sold by the lender to recover the debt.
Asked on 2/18/04, 9:52 am
1 Answer from Attorneys
James Rupper
Powell, Brewer & Reddick
Re: Deficiency laws in Kansas
Yes.
Answered on 2/19/04, 9:20 am