Focus (Forum & Focus)
Oct. 5, 2007
Refining Repossession
Focus Column - By Joshua Gratch - One family's Court of Appeal fight to win back its repossessed car has led to a wholesale change in transparency standards for creditors.
By Joshua Gratch
The impacts of the Court of Appeal's recent decision in Juarez v. Arcadia Financial Ltd., 152 Cal.App.4th 889 (2007), are twofold. First, the decision provides, for the first time, an interpretation of the statute governing which information regarding reinstatement a creditor must provide to a consumer after repossessing her or his car. Civil Code Section 2983.2(a)(2). Second, it holds that...
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