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If You Default on Your Automobile Loan

Question 62

Multiple Choice

If you default on your automobile loan:


A) an advance notice to you is required before your car is repossessed.
B) no advance notice is required before repossession.
C) the federal consumer credit laws give you protection from your car being repossessed.
D) you don't have to pay the full balance due on your automobile loan.
E) you pay fifty percent of the balance due on your automobile loan.

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