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Know Your Rights: California Car Repossession Notices In the state of California, car repossession laws are in place to protect both lenders and borrowers, establishing transparency within the repossession process. Despite not being required to show advanced notice before repossession, lenders are mandated by law that when it comes time for the lender to take back a vehicle, certain written notices be sent upon repossessing. These notices include:
Seizure Notice — must be sent within 48 hours of the repossession detailing that your car was taken and a list or personal items in the vehicle12.
Right to Redeem: The lender is also required to tell the borrower that they have a right of reinstatement or redemption. This notice typically states the amount owed and indicates where payments can be made34.
Borrowers that are going through financial hardship will need to be aware of these requirements if they find themselves in a difficult situation. Failure to give proper notices concerning the disposition can greatly impair a lender’s ability to collect any deficiency balance after disposing of the repossessed vehicle5.
Understanding your rights can give you an added advantage when dealing with a car repossession, and possibly getting back your vehicle or clearing any outstanding debts in the right manner.
