In this blog, we’ll discuss the most common violations borrowers can encounter regarding their right to cure, such as failure to provide notice, premature repossession, inaccurate cure amount, and even cases where the wrong car was repossessed. Right to Cure Violations: Protecting Borrowers from Repossession The right to cure is legal protection for borrowers facing…
The use of “electronic disabling devices for repossession” by automobile sellers and repossessors has become a growing concern for consumers and legal professionals alike. These devices, designed to prevent a vehicle from starting after a missed payment or if stolen, have been criticized for their potential to leave people stranded, breach contracts, and infringe on…
If you’ve recently experienced a car repossession in Maryland, you must understand your rights and the legal requirements creditors must follow. This guide provides an overview of Maryland’s repossession laws, outlining the steps creditors must take and potential violations that could affect your situation. My Car Was Repossessed: Creditor Obligations In Maryland, creditors must send…
Breach of peace repossession – a legal term that describes a situation where a creditor or debt collector has taken possession of consumer property, usually a car, using force or intimidation. A breach of peace repossession in Maryland is illegal and can result in severe penalties. Car repossession is an unfortunate reality that many people…
Maryland’s repossession laws have specific provisions designed to protect consumers from overreaching banks and finance companies. You still have protections even if your car was a “voluntary repo.” In general, the bank or finance company still has to give you notice of the time and place of the sale, still has to give you a…
Car repairs can be very expensive, even without hidden or unforeseen fees. Unfortunately, some car repair companies will use this understanding to try and scam customers into paying more than they need to. Although most U.S. states have a legal limit on loan interest amounts, a few exceptions can lead to predatory lending practices. Here’s…
Shopping for a pre-owned vehicle is something most Americans have experienced. The idea of an easy, online process is very appealing. Some new entries in the used car marketplace try to entice customers with a smooth, one-stop-shop approach to used car buying. However, it may not be as easy as it appears when shopping with…
Auto-lenders have found new weapons to use against consumers believed to be in default: ignition interruption devices and GPS tracking. These weapons allow creditors to prevent consumers’ cars from starting. Jessica Silver-Greenberg (author of an outstanding series of articles on debt collection, here) and Michael Corkery report here. Read more
September 23, 2014 The Consumer Financial Protection Bureau has proposed new rules to regulate non-bank auto finance lenders, including the lending divisions of large car manufacturers. The proposed rules are here. CFPB estimates that the new rule would cover 38 auto finance companies, which make 90% of all consumer auto loans in the country. These… Read more
Schedule a consultation with our legal team to review your case.
