This page will provide an overview of Minnesota's Repossession Laws and what you should know if you've fallen behind on car payments. If your lender has accepted repeated late payments, they must send you a letter first.In Minnesota, this is called a Cobb letter. No information is available for this page. Vehicle Repossession​​ Most automobile financing agreements allow a creditor to repossess your car any time you're in default. No notice is required. If you don't make your car payments on time, your lender might have the right to take your car without going to court or telling you first. The first letter tells you when, where, and how the car will be sold. It must also tell you how much you can pay to get the car back. If you're being sued for a repossession deficiency, use our Minnesota Collection Lawsuit Guide to familiarize yourself with the process.
