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  1. #1
    Join Date
    Aug 2017
    Posts
    1

    Default How to Collect a Loan When You Hold the Borrower's Car Title as Security

    My question involves a consumer law issue in the State of: Texas
    My stepson made a loan to a friend who in return gave him the title to her car as collateral. She now refuses to repay the loan. Does he have any legal recourse to collect the loan or take the vehicle?

  2. #2
    Join Date
    Mar 2013
    Posts
    18,340

    Default Re: Have Car Tittle for Loan That is Not Being Repaid

    I'm going to guess that he had no written loan agreement and that the title doesn't show him as a lienholder nor did she sign it over to him.

    He can sue for the money but he can't take the car.

    She can always get a duplicate title at the DMV.

    I'm also going to guess that she was his girlfriend when he loaned her the money and now she's not.

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