TD Bank Repossession Cars Trucks Motorcycles Boats RVs
Are you a victim of repossession by TD Bank? Was your car, truck, motorcycle, boat or RV taken back by the bank in the past 6 years?
If your car, truck, motorcycle, boat or RV was taken during a TD Bank repossession in the past 6 years, you may not be aware of all of your rights under New York law. Even if you fell behind on monthly payments, there are a number of factors that may have contributed to unlawful activity during your TD Bank repo.
Flitter Milz helps New York consumers who had their car, truck, motorcycle, boat or RV repossessed by TD Bank, or many other lenders. Whether you were behind on loan payments or not, TD Bank may have violated your consumer rights. The bank must follow the law when vehicles are repossessed. Either providing improper repossession documents, or wrongfully repossessing a vehicle, the bank may be liable for the repossession of your vehicle.
When consumers sign a loan agreement with TD Bank, they agree to make payments on time and in full for the length of the loan. As well, they agree to other terms, such as maintaining insurance on the vehicle. While some banks in NY may allow late payments up to a couple months, if the consumer does not abide by the terms, TD Bank could repossess the vehicle.
However, after the repossession, TD Bank is required to communicate with the consumer and state terms to retrieve the vehicle. This notice may be called a Notice of Intent to Sell Property or Notice of Repossession. If the consumer does not meet these terms, TD Bank could sell the vehicle at a private sale or auction.
Once the vehicle is sold, TD Bank is required to send a second written notice to the consumer stating the selling price of the vehicle. This notice is called a Deficiency Notice. After the sale, there may be a balance owed by the consumer, or a surplus which TD Bank would owe to the consumer.
Flitter Milz will evaluate the details surrounding the repossession of your car, truck, motorcycle, boat or RV. Additionally, we will evaluate your loan agreement and all documents or correspondence sent by your bank. As a victim of vehicle repossession, you have rights that you may not be aware of. Through expert legal analysis of your repossession, we’ll be able to determine if there were violations to your consumer rights by the TD Bank repossession representative.
When a consumer falls behind on auto loan payments with TD Bank, the car, truck, motorcycle, boat or RV can be repossessed. However, the bank is required to act in a "commercially reasonable" way in repossessing the vehicle. This means, no confrontation or violence, and providing the consumer with proper documents after the repossession.
Circumstances which may be considered a wrongful repossession or abuse by a TD Bank Repo Agent.
- Physical altercation with the repo man
- Damage to repossessed vehicle by the repo man
- Damage to personal property by the repo man (i.e. garage, fence, other vehicle, lawn, etc.)
- Uninvited entry to your home by the repo man
Any of these actions are considered a breach peace. If any of these circumstances occurred during your vehicle repossession in NY, it’s important to act quickly, and contact our attorneys today.
Police Involvement: Keeping the Peace v. Breaching the Peace
The TD Bank repo agent is to inform the local police department of its intention to seize a vehicle. During the repossession, the repo agent may call to have the police come to the scene of the repossession. Other times, the consumer may call for police assistance.
The police are to aid in keeping the peace. If the situation becomes volatile, the police are to assist in diffusing the confrontation between the repo agent and the consumer. The police are not supposed to assist or enable the repossession. The police are not to order the consumer to turn over the keys, or to "step aside" and let the repo man take the car or truck. Whether police are present or not, you still have the right to refuse to turn over your vehicle to the repo agent and may ask them to leave your property.
If the police threaten arrest or command that the vehicle be turned over, they may have crossed the line from keeping the peace into breaching the peace. This could violate the consumer's constitutional rights according to New York repossession laws.
It may be easy to feel intimidated by the presence of law enforcement officers, but that’s why it’s so important to understand your rights. We’re here to provide you the information you need to be confident and knowledgeable if a repossession of your vehicle were to occur.
Contact us today for a FREE legal review.
If we find that the repossession laws have been violated, there is no cost to you to pursue a lawsuit against TD Bank in NY.
- Tell us about the details of your repossessed car, truck, motorcycle, boat or RV.
- Do you have a copy of your signed loan agreement?
- What documents were sent by TD Bank after your vehicle was repossessed?
- Where do you live?
- If you have had a boat repossessed, where do you dock your boat?
- If you have had an RV repossessed, where do you store your RV?
How to Avoid a Vehicle Repossession
The best way to prevent a vehicle repossession is by contacting TD Bank before you miss a payment. If you feel you cannot meet the terms of your agreement that month, a representative from the bank may agree to a reasonable proposal that assures them you will make your future payments and get back on track.
Flitter Milz is a consumer protection law firm representing victims of illegal car, truck, motorcycle, RV and boat repossession by auto lenders in Pennsylvania, New Jersey, New York, and elsewhere.
Learn More about Repossession
Do I have rights after repossession?
Do I have rights against the repo agent?
Wrongful Repossession: Was the repossession handled improperly?
What does collateral mean?
What is a Notice of Intent to Sell Property?
What is a Deficiency Notice?
How do I get my car back?