Is it a felony to take a vehicle out of state if it has a bank lien on it?
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Is it a felony to take a vehicle out of state if it has a bank lien on it?
Asked on April 9, 2011 under Bankruptcy Law, Arkansas
Answers:
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 13 years ago | Contributor
Well every vehicle that has a loan on it has a lienholder in the eyes of that state's department of motor vehicles. So if you are the registered owner, it is your vehicle to drive and the bank has a security interest in in case you stop paying on the loan. Now this is a different story if your vehicle is going to be repossessed and you try to hide the vehicle from repossession or the vehicle is subject to a second position lien as a result of a judgment against you.
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