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Home / Opinion Digests / Creditor's Rights – Auto Purchase – Security Interest (access required)

Creditor's Rights – Auto Purchase – Security Interest (access required)

A bank that loaned a consumer $25,000 to purchase a car is entitled to default judgment against defendant car dealer, which failed to produce the vehicle or the title to allow the bank to perfect a security interest in the vehicle; and plaintiff lender is entitled to $75,000 in punitive damages for the dealer's independent ...

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