Title Loan Repossession Laws in Virginia. Virginia automobile repossession rules do provide borrower protection that is solid.
As stated, then the title loan company has the legal authority to repossess your vehicle and sell it to recoup their losses if you end up defaulting on your title loan by being unable to pay at the end of its term.
Ahead of the title lender repossesses your vehicle, they need to give you with written notice at the least 10 times ahead of time. If youвЂ™re able to get up on your own re payment before your own time is up, it is possible to stop the repossession of the automobile.