Re: Another question for u Linda!!

Posted by Why Chat (209.240.198.61) on September 13, 2002 at 21:34:01:

In Reply to: Another question for u Linda!! posted by J.D. on September 12, 2002 at 08:36:13:

I posted a link on my website to some general car repo information by State -here is RI

Rhode Island
TITLE STATE: 1973 and Newer.
SECURITY INTERESTS: Shown on title held by Lienholder.
LICENSE REGISTRATION: Rhode Island Division of Motor Vehicles, Two Capitol Hill, Rhode Island 02903. Tel.:(401)277-2064.
RECOVERY REQUIREMENT: As per UCC, repossession allowed without committing a breach of the peace.
DOCUMENTS REQUIRED FOR LIQUIDATION: Bill of Sale, Affidavit of Repossession, Title, Inspection required.
PLATES: Remain with debtor

In general, if the law on repossession was not followed, the finance co or lender has no claim to a deficiency judgment-so if someone puts a collection account on your credit report, or tries to collect, and you did not have a legal repossession and notice of resale, their claim is not legally enforceable.

If everything was done legally, and you are in Fl. then it is 5 years for being sued from the date of the deficiency occurance.

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