When the creditor repossesses the collateral,the creditor always retains the right to keep the collateral rather than sell it to satisfy the debt.

Question

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When the creditor repossesses the collateral, they typically have the right to sell it to satisfy the debt. It is not common for them to keep the collateral unless they agree to a different arrangement with the debtor.

When the Creditor Repossesses the Collateral,the Creditor Always Retains the Right