California | Credit and Debt Law
9/01/09, 1:16 pm
Legal Question
I have read that in the UK if you have paid over half of the original loan of a vehicle you can call and have the finance company take the vehicle without having to pay the rest of the loan, I believe it is called the half rule. Is there such a thing here in the US or is the only option voluntarily giving up the vehicle and paying the difference after they auction the vehicle?
