Consumer Protection Law
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The repo may legally enter onto your property, though they must leave if demanded. They may not breach the peace or break in to a building.
A repossessor must provide immediate notice to the consumer after the repossession. The notice must be delivered in person or by registered mail.
The notice must be sent no less than 15 days before the car is sold. The notice must provide the following information:(1) identify the consumer (debtor), the car, and the location of the car.(2) provide the time, place and manner that the car will be sold.(3) provide an itemized statement of amounts owed, including any repossession charges.(4) provide a list and the location of any personal property contained in the car –which must be kept for 30 days.(5) explain how to redeem the contract — pay the full outstanding debt to get the car back.(6) explain whether the opportunity to reinstate the contract is being offered — pay the overdue amounts to get the car back.
Creditors must give notice of the repossession to the local or state police within 24 hoursCreditors usually will resell the car. The sale price will be applied to reduce the amount of money still claimed owed. The consumer will be responsible for balance plus reasonable repossession and reselling charges.
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