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Vehicle immobilization is a key part of the act of impounding.. Vehicle impoundment is the legal process of placing a vehicle into an impoundment lot or tow yard, [1] which is a holding place for cars until they are placed back in the control of the owner, recycled for their metal, stripped of their parts at a wrecking yard or auctioned off for the benefit of the impounding agency.
When a provision of law requires that repossession takes place, the lien holder has a non-delegatable obligation not to cause a breach of the peace (which is synonymous with disturbing the peace) in performing the repossession or the repossession will be reversed, and the party ordering the repossession will be liable for damages (or the lienholder will be held responsible).
The effects of the coronavirus pandemic have been especially burdensome on auto loans borrowers. Unlike student loans and mortgages, there are no government-backed relief programs to cover a ...
Duties of the DMV include enforcement of state and federal laws regarding motor vehicles. Many departments have sworn law enforcement officers who enforce DMV regulations that are codified in state law. In North Carolina, for example, the DMV contains an element known as "License and Theft." Stolen motor vehicles are tracked down by "Inspectors ...
Senate Bill 201, Various Motor Vehicle and Transportation Law Changes: Makes a list of changes to motor vehicle and transportation laws, such as clarifying move-over laws. For more North Carolina ...
A bank created fake accounts, forced clients into unnecessary car insurance and repossessed vehicles when they didn’t pay. Now it has agreed to $20 million in penalties
The Constitution of North Carolina is the foremost source of state law. Legislation is enacted by the General Assembly, published in the North Carolina Session Laws, and codified in the North Carolina General Statutes.
Under South Carolina law, a notice of right to cure letter puts the vehicle’s owner on notice that the bank may repossess their car after the owner is more than 10 days late in making their car ...