May 14, 2019
Non-Prime Times publishes Eric Johnson's article, "What are your Repossession Agents Doing?"
In this month's Non-Prime Times, Partner Eric Johnson addresses a disturbing practice in the repossession industry - repossession agents placing GPS trackers on vehicles out for repossession, without the knowledge or consent of the owner.
Repossession agents or employees who do not get the owner's consent before the GPS device is installed on a vehicle would be at risk of violating various state laws. The repossession company may also be in violation of its agreement with the secured party/creditor. Eric cautions that consumer plaintiff attorneys could likely file suit for violating his/her client's privacy by installing the device without the client's knowledge or permission.
Eric is the chair of the NAF Legal Committee and will be speaking at the upcoming Non-Prime Auto Financing Conference on June 5-7 in Plano, TX. Click here to read Eric's monthly article on page 3, or visit the NAF website for more information about the conference.