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If a title was issued to me instead of the leinholder, by law am i the rightful owner of the vehicle.

Asked almost 3 years ago - Chicago, IL
Business Business Debts

What would happen if I stopped paying my monthly payment, could my vehicle be repo'd even though I have possession of the title?

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Attorney answers (1)

Reputation Level 9
Answered over 2 years ago.
Is the lender listed on the title? Do you owe the money? Even if they don't repo the car, they can sue you if you signed a promissory note. You need to review the title carefully along with your loan paperwork.
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