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#95991 - 07/10/03 09:37 PM Affidavit Of Repossession
JJohns Offline
Platinum Poster
JJohns
Joined: Jun 2003
Posts: 682
IL

We sell our repossessed vehicles through dealer-only auctions. One of those auctions has advised us that some new text is now required on the "Affidavit Of Defense" form required by 625 ILCS 5/3-114. The required new text (per the auction) is preceded by a check box and reads: "Check if certificate of title is lost and no third party is involved in the transaction". Is anyone aware of such a requirement? We can't think of any reason not to include the line on our AOR form but I wanted to run it by the BOL crew.
_________________________
Foosball: a combination of soccer and shishkabobs- M.H.

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#95992 - 07/10/03 09:54 PM Re: Affidavit Of Repossession
Anonymous
Unregistered

I can't help you on it - I used to run our collections department and I would know it then, but don't keep up on the laws anymore. If you don't get an answer, I still have the name of the attorney I used to use for consultations and BK's - happy to pass it along if you want to PM me. Maybe you'll get your answer w/o paying a lawyer though.

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#95993 - 07/11/03 07:41 PM Re: Affidavit Of Repossession
JJohns Offline
Platinum Poster
JJohns
Joined: Jun 2003
Posts: 682
IL
Thanks for the feedback CubDave. We asked the auction to let us know the source of their info; if they can do that it should help.
I've heard some say that working in the collection department is akin to the Roach Motel- once you check in, you don't check out. Sounds like you've debunked that theory. I actually enjoyed most of the time I spent in the 'dialing for dollars' area.
_________________________
Foosball: a combination of soccer and shishkabobs- M.H.

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#95994 - 07/11/03 09:04 PM Re: Affidavit Of Repossession
Anonymous
Unregistered

I never dialed, but the three people I managed were three lively characters and it was never dull - I enjoyed it very very much. I even went on a repo myself once which turned out to be hilarious.

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