My question involves a consumer law issue in the State of: Alabama
My brother refinanced his car and the previous bank sent him the title instead of the new bank. He took the title and got a title loan on the vehicle. Now the bank is demanding the title and stated it is fraud of him to take the title to the title loan company. The bank has also stated the state of Alabama is getting involved. What are the legal ramifications of his actions? Is it fraud? Wouldn't the title company run a check to see any liens outstanding? What if he just pays both notes, is there anything criminal he can be arrested or sued for?
Thanks.
My brother refinanced his car and the previous bank sent him the title instead of the new bank. He took the title and got a title loan on the vehicle. Now the bank is demanding the title and stated it is fraud of him to take the title to the title loan company. The bank has also stated the state of Alabama is getting involved. What are the legal ramifications of his actions? Is it fraud? Wouldn't the title company run a check to see any liens outstanding? What if he just pays both notes, is there anything criminal he can be arrested or sued for?
Thanks.
Transfer of Title: Title Loan on Financed Car
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