Answers.com > Wiki Answers > Categories > Business & Finance > Personal Finance > Debt and Bankruptcy > Debt Collection > Repossession > What are the Texas state laws in regard to repossession of a vehicle purchased from a note lot?

What are the Texas state laws in regard to repossession of a vehicle purchased from a note lot?

In: Repossession [Edit categories]

Answer:

Answer

http://www.capitol.state.tx.us/statutes/bc.toc.htm § 9.609. SECURED PARTY'S RIGHT TO TAKE POSSESSION AFTER DEFAULT. (a) After default, a secured party: (1) may take possession of the collateral; and (2) without removal, may render equipment unusable and dispose of collateral on the debtor's premises under Section 9.610. (b) A secured party may proceed under Subsection (a): (1) pursuant to judicial process; or (2) without judicial process, if it proceeds without breach of the peace.

First answer by ID0000000000. Last edit by ID0000000000. Question popularity: 179 [recommend question].

[report abuse]

Can you answer these Repossession questions?

	What do you do if you signed your name incorrectly on a car title?	Answer it!
	Can a repossessed tow truck be sold with the prior company logo still on it?	Answer it!
	What if the buyer already has title and 6 months behind payment?	Answer it!
	How do you file a mechanics lien in CO?	Answer it!
	Can your car be repossessed while parked in reverse?	Answer it!

Relevant answers:

Repossession laws in the State of Texas?
Pay the note or lose the car. The vehicle may be recovered from any location that is discovered provided the repossession agent does not violate the FFDCP Act or break the peace. If the debtor breaks...
What are the Texas vehicle repossession laws?
If i have a vehicle repossessed in the state of texas, is there anything that requires me to pay off balance after vehicle is sold at auction?
Where can you find information regarding the laws and repossession of vehicles in Texas?
You could try the Library or possibly the local courthouse.
What are the state laws for repossession in the state of Virginia?
When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you've made the last loan payment or fully paid off your lease obligation. These rights are established...
What are the laws for repossession of a vehicle in Georgia?
The lender does not need to render a "Right To Cure" notice to the borrower when the contract is defaulted. Recovery of the vehicle may take place without judicial process only if it can be...