This article is about auto repossessions, required creditor notices, and related consumer protections in the state of Maryland. So, I requested a letter from the bank indicating the date of repossession.If your car is repossessed, the lender must give you certain notices after the repossession and after it sells the car. A judgment creditor may ask the court to seize your property in order to pay a debt for which the court has issued a judgment. You must have physical possession of the vehicle and be a Maryland resident in order to receive a Maryland title for a repossessed vehicle. You should be able to notify the DMV either on line or in person at a local office. Even if you successfully complete a voluntary repossession, the payments you missed on the auto loan will still appear on your credit report. Maryland, no prior notice to the debtor is required before repossession of the car takes place, however, if no. Your account number is provided with the loan details in the welcome letter that you receive in the mail after your new loan is funded. Auto Loan Monthly Payments.
