Reposession Law - AZ - 13-1813

[bigjohnstud4200]

Hellow everyone out there, it's been awhile since I last posted due to my new job. To top it all off, I have a seriously broken arm which required reconstructive surgery.

Anyway, I have a friend in AZ that is in default on an auto loan due yo medical reasons. He's now able to catch the payments up, and intends to, however he just received a note for a repo guy on his garage door saying he knows the car is in the garage and included a copy of this AZ statute

http://www.azleg.state.az.us/ars/13/01813.htm

He has not received anything certified and from what I read, if he brings the account out of default the repo man can do nothing.

Do you knowledgable people agree?

[admin]

I have to admit, my knowledge of repossession law is not that good, but I would suggest he call the lender to talk over the situation, especially if he can completely catch up.

[nascar]

Originally Posted by bigjohnstud4200

He has not received anything certified and from what I read, if he brings the account out of default the repo man can do nothing.

Do you knowledgable people agree?

Your friend needs to take this pretty seriously. If the car has already gone to repo, making it current will not suffice. He needs to surrender the vehicle. Prior to the sale he will receive an opportunity to get the car back by paying it in full. That's about it.

[sgip2000]

Originally Posted by nascar

If the car has already gone to repo, making it current will not suffice. He needs to surrender the vehicle.

That is not always true. My father once had a vehicle in repo status and was able to get caught up with the lender to prevent the repo.

Have your friend call the lender and see what can be done.

[nascar]

Originally Posted by sgip2000

That is not always true. My father once had a vehicle in repo status and was able to get caught up with the lender to prevent the repo.

Have your friend call the lender and see what can be done.

It certainly would be worth a try.