What happenes when you hide a repossession motorcycle?

Answer

It depends on how long overdue the payments are. If you are hiding your own bike and not paying the notes while concealing the bike from the bank, it is a felony. I'm not sure if it's fraud or some type of theft. Technically, after a certain period of being overdue, you are considered to have defaulted on the loan and the bank can press civil and criminal charges against you. An arrest warrant would be served by the sheriff’s department.

Ideally, the person attempting this sort of crime should pay the notes on time and hold insurance on the bike and act as though the bike was suddenly stolen. Switch the VIN plates with a beater of similar make. I think it's easier with street-type bikes as opposed to the sport bikes. The beater motorcycle should then be cut up and disposed of. If somebody is going to commit fraud, he might as well do it intelligently

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