Unlawful Repossessions
Unlawful Repossession of Motor Vehicle
Many times financial institutions make mistakes in the handling of accounts and the Motor Vehicle Retail Installment Contract to the consumer’s detriment. Even if the financial institution had the legal right to repossess a vehicle, the consumer may still be entitled to damages if the financial institution fails to comply with the laws concerning self-help repossession.
Co-signor’s on Motor Vehicle Retail Installment Contracts also have rights under the agreement, which the financial institutions must comply with. We have represented a number of individuals that had co-signed on the purchase of a vehicle and were ultimately responsible for the deficient amount once the original maker defaulted on the note. Based upon the lender’s failure to comply with the law, we were able to absolve our client’s obligation on the debt.
If you con-signed on a vehicle purchase and the lender is demanding payment from you, please call The Law Office of Robert D. Dabaghian at (210) 366-2400 to discuss your rights and remedies.
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