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Voluntary repossession is a simple process. Here’s how it typically happens: Call your lender: Let them know you can no longer make the payments and want to surrender your vehicle.
Usually, the vehicle owner must be notified of a repossession. The repossession agent will find the car and check its information such as the vehicle identification number (VIN) to make sure they have the right vehicle. If there is a match, they will attempt to hook up the car to the tow truck and tow it away or pick the lock and drive it away.
A title loan (also known as a car title loan) is a type of secured loan where borrowers can use their vehicle title as collateral. [1] Borrowers who get title loans must allow a lender to place a lien on their car title, and temporarily surrender the hard copy of their vehicle title, in exchange for a loan amount. [2]
This occurs, for example, when a financial institution repossesses a car on which it holds both the title and a defaulted note. Individuals may resort to self-help when they retrieve property under the unauthorized control of another person or abate nuisances, such as using sandbags and ditches to protect land from flooding.
When applying for an Indiana driver's license, you must surrender all valid credentials (identification card, learner’s permit or driver's license) you have from other states.
For example, it was reported that Wells Fargo Auto is giving repossession agencies an extra $500 per vehicle to rope in car owners who have strayed off the payment path.
[citation needed] Indiana's constitution, adopted in 1816, specified that all laws in effect for the Territory would be considered laws of the state, until they expired or were repealed. [citation needed] Indiana laws were revised many times over the years, but the current approach to updating the code in a regular manner began in 1971. A ...
Visit the Indiana Attorney General Unclaimed Property Division website to find out if you have unclaimed money. ... The attorney general site suggests allowing up to 90 days to process the claim.