Legal Question in Credit and Debt Law in Texas

Can a bank continue to charge daily interest on an auto loan after the vehicle has been repossessed and sold at auction?


Asked on 5/14/13, 4:46 am

1 Answer from Attorneys
Donald McLeaish McLeaish&Associates;, P.C.

yes for the difference between the sale price and what was owed...as repossession does not extinguish the debt

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Answered on 5/14/13, 6:14 am


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