Asked in Contracts, Consumer Law, Criminal Law and Collections for California

Q: What are the possible repercussions of selling a car before its played off and not telling the bank or the lien holder

She kept 0ayi g payments but now the police are. Asking questions is she in slot of trouble

2 Lawyer Answers
David Michael Lehr
David Michael Lehr
Answered
  • Criminal Law Lawyer
  • Ventura, CA
  • Licensed in California

A: It is fraud, likely felony theft, and possibly perjury. Talk to an attorney fast. Pay the rest of the loan off immediately if possible.

Maurice Mandel II
Maurice Mandel II
Answered
  • Consumer Law Lawyer
  • Newport Beach, CA
  • Licensed in California

A: You cannot transfer ownership unless the 'Legal owner" signs off on the pink slip- which is the ownership documents. "She" is liable for the full amount of the loan, and the bank can call it due immediately. Yes, in deep do do. Consult a consumer rights attorney.

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