Legal Question in Banking Law in Iowa
My brother has a lvehicle oan through a local bank. He was behind on payments and paying them what/when he could. They can demand payment on the collateral and collect that collateral, but they got a warrant to enter his garage and take things he had listed on a finicial statement. They have not collected the actual vehicles that they have the liens on. How can they get a warrant to take things that are not on paperwork as collateral?
Asked on 8/31/10, 3:04 pm
1 Answer from Attorneys
Robert Luedeman
solo practitioner
Unfortunately you are not providing me with enough information here to render an opinion.
Answered on 9/06/10, 4:58 pm
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