Retail installment sales
MGL c.255, § 17 Liens on vessels; enforcement
Selected case law
Williams v. American Honda Finance Corporation, 479 Mass. 656 (2018)
The fair market value of a repossessed car is not the fair market retail value. The pre- and post-sale notices "must describe the deficiency as the difference between the fair market value of the collateral and the debtor's outstanding balance." See U.S. First Circuit Opinion at Williams v. American Honda Finance Corporation, __ F.3d __ (October 2018)
Affidavit of Repossession, Registry of Motor Vehicles.
Vehicle Repossession, Federal Trade Commission. Not specific to Massachusetts, includes general information on what happens if your car is repossessed, including details such as what happens when a creditor sells your car, what happens to your personal property inside the car, and more.
|Last updated:||July 31, 2019|