Florida Repossession Law
The state of Florida has specific repossession laws that govern the rights of lenders and borrowers. These laws are designed to protect consumers and ensure that creditors have legal recourse when it comes to reclaiming their property. It is important for both lenders and borrowers in Florida to understand the key aspects of these laws so they can make informed decisions when it comes to borrowing or lending money.
Under Florida repossession law, creditors have the right to take back collateral if a borrower defaults on their loan agreement. This includes goods like automobiles, boats, mobile homes, recreational vehicles and other personal items that were used as security for a loan. The lender must first provide written notice of default before taking any action, but after this legal process has been completed they may be permitted by law to enter the borrower's property without their consent and seize the item or items in question.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation just today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706