cars  legal  loans


Question by  AppleAnnie (70)

What is the Ohio law on repossession?

My ar was repossessed.


Answer by  wrencher32 (80)

A bank or finance company may repossess your vehicle if you are 1 payment behind as long as the repossession is peaceful. They must give you 20 days to redeem your vehicle under the terms of your contract.


Answer by  Cypress (166)

In Ohio, your car can be legally repossessed after missing one payment to the lending institution, without prior warning. The owner has the right to retrieve personal property from the vehicle. They are required to notify you about the status of your vehicle, and whether it will be put up for auction, or sold privately.

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