Legal Question in Credit and Debt Law in Alabama

I loaned a guy money to buy an automobile and he has been paying every week until now. He signed a paper and it was notirized that if he didn't pay, I could take the vehicle back. The title is in his name but he gave it to me to hold. Do I have a legal right to repo the vehicle?


Asked on 3/11/10, 12:41 pm

1 Answer from Attorneys
James Coleman Murchison & Howard, LLC

You do, IF you have a perfected security interest in the vehicle. That depends on what your paperwork says. You need to seek the advice of an attorney to determine what rights your contract for sale says. Good luck.

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Answered on 3/17/10, 5:35 am


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