Legal Question in Credit and Debt Law in Pennsylvania

I had a finance company mistakenly send me the title to our vehicle that we financed. We only made one payment. I went to PennDOT and got a new copy of the title so it is free and clear. The finance company is asking to me to send them the title because they say that I would be in breach of the contract because the contract requires that the vehicle be a security interest on the loan. I however, didn't breach it. I did make it a security interest when we (my wife and I) signed the papers when we bought it. They removed the security interest when they released the lien. Am I correct?


Asked on 5/06/14, 10:56 am

1 Answer from Attorneys
Rachel Hunter

No. The lender screwed up but you knew they screwed up. They are giving you the chance to do this right - add the lien to the title and send it to them or else risk a lawsuit.

Don't be dumb here.

Read more
Answered on 5/06/14, 6:56 pm


Related Questions & Answers

More Credit, Debt and Collections Law questions and answers in Pennsylvania