Oregon lawsuits for repo deficiency: ?

[treehugger1]

Does anyone know whether or not a creditor can sue you in the state of oregon over a deficiency balance after an auto repo? I searched repo laws online, any many sites say that in Oregon you cannot be sued in a court if the deficiency is less than $2500. I can't determine where they are getting that statement. I'm not sure where that comes up in the oregon revised statutes. Any help or even wild guesses would be appreciated. I do know that in many states you cannot be sued for a repo deficiency. I'm hoping to clarify this for Oregon. Thanks.

[tobee43]

tree... can you clarify just a bit.....are you referring to just a "general" repo...or a deficient after a bk on a repossessed auto?

[tobee43]

the only reason i'm asking is i know that oregon is a state where deficiency judgments are permitted with foreclosures....so i would think it would be the same for any other secured item...such as an auto...however, those laws vary from state to state .....and the situation would be governed by state law... tree i would check with your state consumer protection office to learn what the laws are in your state.

[treehugger1]

This would be a general automobile repo, with a deficiency remaining after repo and resale.

[tobee43]

This would be a general automobile repo, with a deficiency remaining after repo and resale.

i tried to look it up as well and could not find anything specific to auto either....so i think unless someone here knows the answer i would contact the state to find out what the law is there.