Legal Question in Credit and Debt Law in Pennsylvania
car repo
statue of limitations on car repositations
Asked on 6/23/07, 10:25 pm
1 Answer from Attorneys
John Gibson
John W. Gibson, Esquire
Re: car repo
If the lender is still holding the title I don't think there is a statute of limitations. The lender has a property interest in the vehicle until it's paid for. If the lender is not holding the title and transferred the vehicle based upon a contract and wants to sue for the amount remaining unpaid under the contract, then the statute of limitations would be four years.
Answered on 6/24/07, 1:08 pm