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Can you be served a warrant for hindering a secured creditor?
I am not sure how it is for each state, but I do know that in the state of Tennessee it is a Class E felony and warrants can be served if everything meets the criteria of "Hindering a Secured Creditor".
Can you go to jail for hiding your car from the repo man in Connecticut?
Yes, in Connecticut it is a basic form of fraud instead of specific (Other states name it as a separate crime; Hindering a Secured Creditor): To hinder, defraud, or unlawfully delay possession by a secured creditor; is a basic act of fraud.
What is the penalty for Hindering Secured Collateral in Arkansas?
whats the penalty for hindering in kleberg county
Can you keep money for damages from an auto accident even if you have a lien on the car?
You can, but you may find yourself in court or jail - some states consider that "hindering a secured creditor" and that means jail time.
What makes a secured creditor a secured creditor?
A secured creditor is one who has a contract with you that says if you fail to pay, the creditor can take a specified item you own to satisfy the debt. Most common are purchase-money loans, such as mortgages or car loans, but it can be any item.
What does the concept of secured debt mean in finance?
Secured debt is a debt that is guaranteed by the use of collateral. If the debt is not repaid, the creditor has the right to take the collateral from the borrower.
What are the rights of the secured creditor?
To receive the proceeds, before others, fom the sale of the secured property.
Can someone go to jail for not turning in a car that's up for repossession in the state of Texas?
Yes. It's called hindering a secured creditor. Sometimes, depending on the value of the vehicle, it is a state jail felony. It's in the Texas Penal Code under fraud.
Defrauding a secured creditor law in Texas?
In law 48, what is a creditor? Is law 48 fair to creditors?
What can a creditor do if you stop payments on a secured loan that was not reaffirmed?
Repossess or foreclose on the secured property if the agreement is in default.
Does Tennessee have a law against defrauding a secured creditor?
yes
Can creditor go after you discharged in court for a secured item?
A creditor cant take you to court over a secured debt. However, if they have a security interest in any of your property, they can still foreclose on that property.
