Litigation
May 11, 2015
Repossession notice law boon to subprime auto borrowers
A decades-old state law imposing strict disclosure requirements on auto lenders after repossessing a vehicle has in recent months proven popular with attorneys who have used the statute to successfully wipe out remaining debt balances on loans, providing relief to cash-strapped borrowers and resulting in losses for financers.
Daily Journal Staff Writer
A decades-old state law imposing strict disclosure requirements on auto lenders after
repossessing a vehicle has in recent months proven popular with attorneys who have
used the statute to successfully wipe out remaining debt balances on loans, providing
relief to cash-strapped borrowers and resulting in losses for financers.
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