Legal Question in Credit and Debt Law in Texas

financed vehicle

i financed a vehicle thru a local bank,i also have full coverage for this vehicle, i financed this vehicle to a friend with the understanding that he would pay vehicle and insurance,i had a paper notorized with both parties agreement. he moved out of town and i have not heard from him, he is 1 month behind in payments, in the agreement it states that he would be responsible for all retrievel fees,

can i file a stolen vehicle charge.


Asked on 2/02/04, 6:53 pm

1 Answer from Attorneys
Elizabeth Schaefer SCHAEFER LAW FIRM

Re: financed vehicle

If by "financed" the vehicle to your friend, you mean you sold it to him/her, then the vehicle is not stolen.

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Answered on 2/02/04, 7:29 pm


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