Legal Question in Consumer Law in Texas
Grace Period of Payment
Can a lender, i.e. finance company whom a vehicle is financed through Not offer a grace period for payment?
If not, what are my legal options?
Asked on 12/29/06, 10:09 am
2 Answers from Attorneys
Donald McLeaish
McLeaish&Associates;, P.C.
Re: Grace Period of Payment
yes..the contract covers all rights...it may require a grace period, it may not..
Answered on 12/29/06, 12:11 pm
Sharon Campbell
Sharon K. Campbell
Re: Grace Period of Payment
A lender certainly may offer a grace period but the law does not require them to, aside from any provision which may be in the written loan documents. In other words, if the loan documents provide for a grace period, you have a grace period. Otherwise, its totally up to the discretion of the lender whether to allow a grace period.
Answered on 12/29/06, 12:11 pm
Related Questions & Answers
-
Motorcycle i purchased a new motorcycle for my husband for christmas i am curious... Asked 12/28/06, 7:03 pm in United States Texas Consumer Law
-
Bring the vehicle back --the dealer lost too much money we bought a vehicle--traded... Asked 12/27/06, 4:48 pm in United States Texas Consumer Law
-
Lax poicy and procedures My 12 year old daughter flew Delta airlines on 12/24/06 and... Asked 12/27/06, 1:25 pm in United States Texas Consumer Law
-
Previous vehicle owner won't release title. I purchased a vehicle on Ebay that did... Asked 12/21/06, 1:39 pm in United States Texas Consumer Law
-
New door Purchased fibr glass custon door unit from door company in Oct.They stated... Asked 12/21/06, 11:30 am in United States Texas Consumer Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
