"Repo Law In Florida"
When it comes to repossession, Florida is a bit of a mixed bag. While the state does have laws in place to protect consumers, these laws are not always followed by repo companies. As a result, many Floridians have lost their vehicles unlawfully.
The first thing you need to know about repo law in Florida is that there are two types of repossession: voluntary and involuntary. Voluntary repossession occurs when the borrower agrees to give up the vehicle, while involuntary repossession happens when the lender takes the vehicle without the borrower's consent.
Involuntary repossession is only allowed under certain circumstances, such as if the borrower has failed to make payments or has violated the terms of their loan agreement. If a repo company does not have proper grounds for taking your vehicle, they may be guilty of theft.
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