06-10-2011, 02:54 PM
If you're citing FDCPA laws......
FDCPA laws only apply to a 2nd party collector, not the original lender. They can lawfully (and will) threaten repossession and legal action, sue you, then garnish your wages if they are the original lender. There's very little legal protection for the consumer against original lenders/creditors outside of the housing market, unless the debt is listed on a (filed) bankruptcy.
If you're in default on a secured loan, and you hide the property, you can be sued for fraud....although most banks won't.
FDCPA laws only apply to a 2nd party collector, not the original lender. They can lawfully (and will) threaten repossession and legal action, sue you, then garnish your wages if they are the original lender. There's very little legal protection for the consumer against original lenders/creditors outside of the housing market, unless the debt is listed on a (filed) bankruptcy.
If you're in default on a secured loan, and you hide the property, you can be sued for fraud....although most banks won't.



and most USA states it's even illegal to threaten that and to garnish your wages