Legal Question in Credit and Debt Law in Virginia
Repossession of automobile
Can you vehicle be repossed if it is not a month late, only 22 days
Asked on 3/05/07, 12:50 pm
1 Answer from Attorneys
Michael Hendrickson
Law Office Michael E. Hendrickson
Re: Repossession of automobile
If your payment on your vehicle is late
or delinquent as defined under the terms of your contract, and no grace period is specified before enforcement action by the lender may commence, the answer to your question must necessarily be yes, the vehicle can be repossessed, whether it's 10 days late or 22 days.
Answered on 3/05/07, 5:14 pm