Consumer Protection Law
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Good morning. I am Loren, a licensed attorney, and I look forward to assisting you.
The repo fees are added to the amount owed in accordance with the terms of the loan agreement. Evey security agreement I have ever seen in the course of over 30 years of practice has included "all costs of collection" as recoverable by the lender. That would include the repo fees. The wording will usually provide that it is added to the principal amount owed.
If you believe the fees are bogus or unsupported you can file suit against the lender.
Otherwise, you will want to check your loan agreement.
Thank you for following up.
If the agreement provides for reimbursement of all collection costs and they had to pay a fee to start the repo process because you went into default, you would be liable, as it is a cost of collection.
If the repo company refunded whateve the lender paid then they would have to credit your account, but if they paid out fees and you came out of default before you could be repossessed, the cost of the aborted repo is going to fall within "costs of collection".
I am sorry to be tee bearer of bad news, but I am sure you are looking for accurate legal information.
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