In general, California law
allows lienholders to repossess vehicles where the borrower is in breach of the contract terms, without requirement for a court judgment.
Not exact matches
With auto title loans from LoanMart, customers
allow us to be added as
lienholders until the loan is paid off.
Based on vehicle equity and the ability to repay the loan, LoanMart
allows users full - use and funding, while they take over as
lienholder on the vehicle title as a form of collateral, but only over the course of the repayment period.
Some
lienholders will sign the check over and
allow you to use the money to make the repairs with that money, others will keep the check until you prove the repairs have been made and then sign the settlement check over to you.