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The Lien holder can repossess the car any time the owner has violated the contract. Violations could be but not limited to:
- Late or missed payments
- Not insuring the car as agreed in the contract
When repossessing the repo guy can not trespass nor use intimidation or threats. But you need to give up the car immediately as once you are officially notified the lender can take further legal action and possibly charge you with theft.
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∙ 11y ago
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How long does a repossession in Mississippi stay on your credit report?
By federal law, 7 years from the date of repossession or sale or last payment. The state is irrelevant.
Is there an Auto Repossession Statute of Limitation in Mississippi?
As far as I know there is no statute of limitation on auto repossession in any state. Check with your state Attorney General to be sure. I will post a link for you to read. Repossession should be your last resort. Hiding a vehicle from repossession is a crime in some states. The consequences of repossession are always bad for you.
Does state of Nevada have a auto purchase rescind law?
new purchase not in repossession
If a car is sold after repossession does law state that it must be reported to the bureau as zero balance?
If a car is sold after repossession does the law states that it must be reported to the credit bureau as zero balance?
Manufactured home repossession law in state of Oregon?
repossess manufactured home in oregon
65 percent law Mississippi new bills 2010?
was the law change from 85 to 65 for the state of mississippi are will in june
In which state did Lincoln live and practice law?
Mississippi
Can you collect a repossession fee if you do not send a pre repossession letter in Maryland?
No they can not collect one PENNY - It is a law in MD . See financial regulations website state of MD
Does the state of Mississippi allow you to take the law bar exam without a law degree?
no.
What can happen if you hide a vehicle from the repossession agent in Mississippi?
repesession
What is the state of South Carolina law on right to cure?
Need to know if South Carolina is a Right to Cure State when it comes to repossession of vehicles.
Does the repossession company have to report the repossession to the police after the repossession?
I only know about the state of Massachusetts. And yes in our state they have one hour to report the repossession to the police department in the town of which the car was taken.
