Legal Question in Business Law in Arizona

I have a notarized loan giving the lender six months to pay, theres been one payment with no proof of income provided. May I collect (repo) the vehicle if I verify the person is unemployed. What's my move?

Asked on 7/17/12, 7:48 pm

1 Answer from Attorneys

Joyce Johnson-Stovall Johnson Stovall and Associates PLLC

Lenders don't pay... borrowers pay. The borrower defaulted. Your loan documents may provide a self help remedy... if not, I suspect you will have to sue on the loan.

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Answered on 7/18/12, 11:34 am

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