What is the statue of decrease surrounded by the state of tn on repoed vehichles?
try here: www.findlaw.public.com and do a search
There is no statute of limitations anymore when it comes to crime...you need to highly wrought more on your question
Answer:
The statute of limitations (SOL) for a repo deficiency is 4 years. No matter what state you live surrounded by.
When a vehicle is repo'd, the original contract becomes blankness. Repo's fall under the UCC (9) for SOL - 4 years.
If a party was not sent "ALL" of the paperwork in a timely and legalized manner, the repo deficiency become uncollectable after 2 years.
Paperwork would be: the intent to repo, the right to redeem and intent to sell and the deficiency see after the sale.
THERE IS NOT SUCH THING OF STATUE OF LIMITATIONS FOR A AUTO LOAN. YOU WILL HAVE TO PAY ALL BALANCE OWED. INT REST AND RE-PO FEES. WHEN YOU GET TAKEN TO COURT THEY WILL DEMAND ALL OF THAT MONEY WITH ATTORNEY FEES. ONCE THEY WIN YOU WILL HAVE YOUR WAGES GARNISHED, ALL OF YOUR ASSETS COMPROMISED TO COMPLIMENT THE JUDGMENT.
CALL UP THE CREDITOR AND OFFER PAYMENTS OF 20 DOLLARS A MONTH. TO AD VOID A BIG BIG PROBLEM.
Hope this help...
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