My question involves an auto loan or repossession in the State of: Oregon (title was originally in Michigan, but I moved)
I made additional payments to payoff my auto loan early. In December of 2015 I used the lien holders online system to get the payoff quote and make the final payment through their system. Shortly after submitting payment I received a signed and notarized letter saying that the lien had been satisfied. Fast forward a few weeks and I got an email from the bank saying my statement for my auto loan was available. I logged on to see that somehow my final payment was never actually processed. The bank shows it being paid and then they show a reverse payment of the same amount. Since I have a letter stating that my account has been satisfied do I legally have to initiate payment for the amount that they never withdrew from my account or since my lien was released do I have no obligation to pay it?
*The bank is also requesting interest for the additional days since I initiated the final payoff.
I made additional payments to payoff my auto loan early. In December of 2015 I used the lien holders online system to get the payoff quote and make the final payment through their system. Shortly after submitting payment I received a signed and notarized letter saying that the lien had been satisfied. Fast forward a few weeks and I got an email from the bank saying my statement for my auto loan was available. I logged on to see that somehow my final payment was never actually processed. The bank shows it being paid and then they show a reverse payment of the same amount. Since I have a letter stating that my account has been satisfied do I legally have to initiate payment for the amount that they never withdrew from my account or since my lien was released do I have no obligation to pay it?
*The bank is also requesting interest for the additional days since I initiated the final payoff.
Loan Agreements: Release of Lien and Reversed Payment
Aucun commentaire:
Enregistrer un commentaire