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In Oklahoma, the statute of limitations on car loan debt is five years. When the statute of limitations has passed, creditors can no longer sue you for the debt or repossess your car. They can, however, continue to contact you in an attempt to get you to pay.
Description. A writ of replevin is a prejudgment process ordering the seizure or attachment of alleged illegally taken or wrongfully withheld property to be held in the U.S. Marshal's custody or that of another designated official, under order and supervision of the court, until the court determines otherwise.
A replevin action allows you to obtain a court order directing the person who is wrongfully holding your personal property to give it back to you. Replevin actions can be filed to obtain possession of vehicles, electronics, weapons, household items, and various personal belongings.
Agents cannot enter your home uninvited to recover property, such as a vehicle located in a garage, but they can repossess your car from your driveway, a parking lot, or your place of work. Repo agents are not allowed to breach the peace or use violence in order to recover the property.
Can a repo man move another car to get yours? No, a repossession agent may not do that. But, if the repossession company can't access your car because it is hidden, blocked, or locked up, your lender goes to court to get a replevin. Replevin is a court order compelling the collection of the vehicle.
Creditors usually only have a right to charge you storage fees pertaining to the car itself. So, the repo agent hired by a creditor to take the car also can't charge you money or a "convenience fee" to let you get your things back before the vehicle is towed away.
In Illinois, creditors are allowed to conduct a repossession without sending a pre-repossession notice to the consumer. However, the creditor must make sure that they have a valid security interest in the vehicle being repossessed and that the consumer is in default.
A consumer who defaults on a vehicle loan usually faces the repossession of the vehicle, but sometimes a lender will use replevin as an alternative. While repossession does not involve a formal process in court, replevin consists of getting the court to order the consumer to return the vehicle to the lender.