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