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Latest Laws Concerning Vehicle Repossession in Pennsylvania

 
Most vehicles in the United States are purchased on consumer credit. At the time of purchase, the buyer enters into an installment contract that governs the financing of the vehicle. If the contract is originated by the dealer, the contract is thereafter assigned to a financing company. The financing companyís extension of credit is secured by the vehicle itself. For example, the contract will include language similar to the following:

To secure your payment and performance under the terms of this Contract, you give us a security interest in the Vehicle, all accessions, attachments, accessories, and equipment placed in or on the Vehicle, together called Property, and proceeds of the Property. You also assign to us and give us a security interest in proceeds and premium refunds of any insurance and service contracts purchased with this Contract.

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Eric M. Hurwitz is a Partner in the office of Stradley, Ronon, Stevens & Young, LLP. He is the co-chair of the firmís Financial Services Litigation practice group. Mr. Hurwitzís practice is focused on defending financial institutions from claims arising out of nearly every type of consumer and commercial financial product. He defends both single plaintiff and class action lawsuits against banks, mortgage lenders and servicers, student lenders, credit card companies, auto finance companies, debt collection companies and other financial services institutions.
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Latest Laws Concerning Vehicle Repossession in Pennsylvania

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Latest Laws Concerning Vehicle Repossession in Pennsylvania

Faculty

Eric M. Hurwitz

Eric M. Hurwitz

Stradley Ronon Stevens & Young, LLP

  • Partner in the office of Stradley, Ronon, Stevens & Young, LLP
  • Co-chair of the firmís Financial Services Litigation practice group
  • Practice focused on defending financial institutions from claims arising out of nearly every type of consumer and commercial financial product.
  • Defends both single plaintiff and class action lawsuits against banks, mortgage lenders and servicers, student lenders, credit card companies, auto finance companies, debt collection companies and other financial services institutions
  • Conducts regular seminars and workshops on numerous consumer finance topics
  • Author of publications concerning the mortgage industry, including servicing regulations promulgated by the Consumer Financial Protection Bureau and standing challenges to foreclosures
  • J.D. degree, Boston University School of Law; B.A. degree, University of Texas at Austin
  • New Jersey Law Journal, 40 under 40, comprised of the top 40 young professionals in the New Jersey legal community
  • South Jersey Biz, Best Attorneys in Business for litigation
  • Can be contacted at [email protected] or 856-321-2406
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Latest Laws Concerning Vehicle Repossession in Pennsylvania

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