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What are the Massachusetts Laws regarding car repossession?

April 26, 2017car Ethics government Law politics repossession

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What are the Massachusetts Laws regarding car repossession?

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“In Massachusetts if you fall behind in your car payments, your car lender can not just take your car. However, after you are 30 days past due a lender can decide to repossess your car (this can also happen if you fail to keep your car insured). A lender must send you a notice called the “Rights of Defaulting Buyer under the Massachusetts Motor Vehicle Installment Sales Act” giving you 21 days to cure the default. If you do not cure the default and the lender takes your car, you must be given a second notice stating the creditor’s intention to sell the car and giving you an additional 20 days to redeem it.