Divorced spouse, 1st party, is behind 2 payments on their vehicle. Car loan company cannot locate this vehicle for repossession. This car is financed with 1st party only and their parent, as cosigner, on the loan. The 2nd party is not on the loan for this car.
They, loan company which has both loans, are threatening
to repossess the 2nd party's car, which is not in arrears, but has former (1st) party's name on the loan for the 2nd car.Divorce
decree states that 1st party is to pay their car payment and 2nd party is to pay their car payment.
Can the loan company which is the same for both vehicles repossess the 2nd car even if the payments are up to date? If so, will this always be a cloud hanging over the head of the 2nd party? If 2nd party makes payment, what recourse to recover these payments since they are in violation of the divorce decree.
State of Iowa if that makes a difference.