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Personal Lien on Vehicles

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zrpetz

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What is the name of your state? MN

I have been asked to loan someone a large sum of money from another state (AL). I am a little apprehensive to do so without a guarantee of getting it back. I was wondering if I could put a personal lien on their vehicle until the money is paid back? Is this legal? Has anyone ever done such a thing? If so how do I go about doing it myself? Any help would be great! :)
 
Last edited:


I

I AM ALWAYS LIABLE

Senior Member
zrpetz said:
What is the name of your state? MN

I have been asked to loan someone a large sum of money from another state (AL). I am a little apprehensive to do so without a guarantee of getting it back. I was wondering if I could put a personal lien on their vehicle until the money is paid back? Is this legal? Has anyone ever done such a thing? If so how do I go about doing it myself? Any help would be great! :)
Click to expand...

My response:

Unless you can afford to spend all the money it would take to go to Alabama to go to court, then don't do it.

IAAL
 
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