Can my bank claim any amount from me after the repossessed vehicle is sold?


If the proceeds from the sale of the repossessed motor vehicle are not enough to cover your liabilities, your banking institution can claim the amount outstanding from you.

Recommended reading:

Back to Hire Purchase (HP)'s Contents

Reprinted with permission from BankingInfo (A Consumer Education Programme by Bank Negara Malaysia)

Back to the top

Sponsored Links

Share this page

Knowledge Base ID :   1323
Last Reviewed :   May 22, 2014
Source :   BankingInfo
Tags :  

Related Knowledge Base Issues