Loan Collateral Vehicle Rights

Summary

If a vehicle title is transferred as collateral for a loan in Nebraska, the lender may take possession if the loan is not repaid. Consulting a local attorney is recommended for personalized advice.

Full Conversation

I loaned a friend quit a bit of money and he has not paid but he did sign his truck title over to me for catalor can i go get the truck
What state are you in, ****? Laws regarding property rights can vary by location.
Nebraska
What is the exact amount of money you loaned to your friend?
*.* and he was to pay me back *
What was the agreed upon timeframe for your friend to repay the loan?

In Nebraska, if a loan agreement is in place and not honored, you may have legal rights to claim the collateral.
*
In Nebraska, if a vehicle title is transferred as collateral for a loan, the lender may take possession if the loan is not repaid. However, it's recommended to consult with a local attorney.