Guide · Consumer Protection
Vehicle Repossession and Auto Finance: A Comprehensive Guide to Default, Self-Help, Resale, and Deficiency
15 U.S.C. § 1601
- Type
- Guide
- Jurisdiction
- National
- Date
- 2024-10-16
- Topic
- Consumer Protection
This guide covers auto finance and repossession from origination through deficiency litigation. Part One explains the constitutional and commercial foundations of self-help repossession. Part Two covers origination: disclosures, add-on products, and the practices that generate defaults. Part Three covers default, acceleration, and the taking itself, including the breach of the peace limitation. Part Four covers post-repossession rights: personal property, notice, redemption, and reinstatement. Part Five covers disposition and the commercially reasonable standard. Part Six covers the deficiency, its arithmetic, and the defenses that defeat it. Part Seven covers bankruptcy, and Part Eight covers collection, credit reporting, litigation strategy, and lender-side compliance.
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