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Can a bank keep a copy of your car key they finance?

In: Auto Loans and Financing [Edit categories]

Answer:

Yes. Banks and credit unions can keep a copy of key. This is so because if your financial institution has to repo your vehicle for any reason, they already have a copy of the car key to get it where ever the vehicle may be.

First answer by ID3512490290. Last edit by ID3512490290. Question popularity: 2 [recommend question].

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