It all depends in which state you reside in. Some states have these Draconian laws still in place, while others do not. Let's take California for example. An Auto loan is a, Civil matter. A contract was agreed upon by both parties, buyer takes the car Home, Seller gets paid by the Finance Comp. Now, when you miss a few
payments,(or when the Finance Co. decides)you are in, "Default." Now there is no crime that i know of for being in default. Since this is a Civil Matter not Criminal, The most the Finance Co. can do is, You guessed it!! Repo the Vehicle.
I hope that answered your question, Drive Safe!
DaVinc1
NO. Have him arrested if he did that. _____ Sue the lender/bank do not waste your time with the Repo guys; they are agents of the bank so the bank is responsible for their conduct.
Yes, you can be arrested for theft.
According to the repo handbook, any debtor purposely hiding collateral from the bank to defraud them is illegal and you can be arrested when summoned to the court. I am a Repo man, and even if you hid thecar, no matter what eventually you will slip up and we will get the car...
The bank/lending company are the ones who repo your car the repo chimps are just their agents.Your bank should tell you.
You can be arrested.
Non-payment of loan.
Call the bank and ask.
The repo man will not care if your car has insurance or not. If you haven't been paying for your car, the finance company or bank will take their car back.
they can either repo the car, and you won't get into trouble, or they could find you and the car and there is a chance that you will go to a county jail for 2 to 30 days.AnswerFirst of the repo guys are not "authorities" they represent the bank that's it.They cannot have you arrested and you will not go to jail Repo guys like to scare you with that kind of crap.Look at it this way don't you think the repo guys (some of the laziest people around)would have the cops do their job for them if they could???This is a civil matter not crimminal!!!!! Cops deal with crimminal !
The only way someone can be arrested for driving a car when the bank wants to repo it is if it is reported stolen. The bank must report repo action to police or court before this can call stolen. Most bank will report to police or court for repo action. This will let police know that it not stolen by repo. Most bank do not want to report to police or court. It involame alot of money (impound cost by police, towing fee with police, court cost, filing fee, court fee, etc). Bank hire repro is cheaper then report to police or court. I am not sure what the complication would be if you were trying to register it again after a couple of years though. But from my experience, do not park the vehicle anywhere near your house where iti can be seen. Repomen are always on the hunt, and if they see your car at anytime, then they are goign to be quick to try and get it.
The Bank that took ownership.
The repo-man doesn't have to give his name. He can only tell you which bank sent him & where you can pick up your car when bank okay's it