Legal Question in Credit and Debt Law in Kansas

Deficiency laws in Kansas

In the state of Kansas, if a car is re-possessed and the the loan balance is greater than the value of the car, can the lender sue the borrower for ''deficiency'' when the car is finally sold by the lender to recover the debt.


Asked on 2/18/04, 9:52 am

1 Answer from Attorneys
James Rupper Powell, Brewer & Reddick

Re: Deficiency laws in Kansas

Yes.

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Answered on 2/19/04, 9:20 am


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