Legal Question in Consumer Law in Texas
vehicle financing
Is it breech of contract for a lender to rescind a vehicle finance loan after approval has be granted and the borrow has possesion of the vehicle, but before the first payment is made or due?
Asked on 5/18/07, 9:37 am
2 Answers from Attorneys
Sharon Campbell
Sharon K. Campbell
Re: vehicle financing
Yes
Answered on 5/18/07, 11:33 am
Peter Bradie
Bradie, Bradie & Bradie
Re: vehicle financing
It depends upon the language of the contract. Or it could be a widely-practiced scam called "dehorsing". I suggest you file a complaint with the consumer protection division of the attorney general's office.
Answered on 5/18/07, 11:44 am
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