Legal Question in Banking Law in Minnesota

Vehicle Repossesion

My vehicle was repossed on February 27th. The repo man said that if I did not remove my vehicle from my garage that he would have it removed., and I would be liable for the damages. I did remove it from my garage, and they towed it away. I have contacted the bank and they are requesting not only the past due amount but also a payment which is not due yet. I had a perfect payment history with them up until 70 days ago as I had broken my leg and was out of work, but had left messages to them regarding this. They also want proof of my employment and address and is refusing to take money unless it goes through money gram. Is this legal? If not, what should I do?


Asked on 3/04/05, 6:03 pm

1 Answer from Attorneys
David Anderson Anderson Business Law LLC

Re: Vehicle Repossesion

I would have to review your contract, but generally, they can sell the car in a commercially reasonable manner, and go after you for the balance due under the contract.

Unless you file bankruptcy or negotiate a discount, they can seek all amounts under the contract.Since they already have the vehicle, you should resolve the balance without further payment until you do.

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Answered on 3/05/05, 7:08 am


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