Court Rules In Favor Of Debtor Over UCC Error

ST. LOUIS — The Missouri Court of Appeals Eastern District has found in favor of a man who claimed that a lender that provided him financing of two vehicles failed to give proper notice as required by the Uniform Commercial Code when it repossessed them and sought a deficiency judgment. According to the Feb. 27 ruling, Show-Me…

Repossessor’s Car Seized

NEWPORT,RI—Eric P. Chase, 59, of Fall River, Mass., told police he works for Lachase Auto Recovery in Newport, and he sounded pretty sure the law was on his side, Newport police allege, when they stopped him Friday for illegally using bailee, transporter or transfer plates. Officers noticed his car because the truck [trunk?] was secured only by…

Another Agent Struck By Collateral

An Idaho Falls man was arrested Sunday after he hit a man attempting to repossess his brother’scar. Casey Harris Wheeless, 54, was arraigned Monday in Bonneville County Courthouse for an aggravated battery charge. According to court records, Wheeless told Bonneville County Sheriff’s Office deputies his wife woke him up after she saw two men near the his brother’s Chevrolet Tahoe. Wheeless said he thought someone was trying to steal the car. The two…

Santander Takes A Nearly $3 Million Hit

The auto financing arm of banking giant Santander has reached a $2.9 million settlement with state banking regulators for alleged violations involving the repossession of motor vehicles. Santander Consumer USA has credited, refunded or waived $2.9 million in principal, interest and other fees and assessments, including convenience fees, to more than 3,700 Connecticut consumers, under…

ICE Agent Pulls Weapon During Repossession

An ICE agent allegedly pulled a gun on a man whose car was being repossessed by the agent’s cousin in The Bronx, then had the victim arrested on bogus charges, a high-ranking police source said Sunday. Immigration and Customs Enforcement agent Omar Castro was accompanying his repo-man cousin to collect a car late Saturday when…