Lewis Furniture repossession generally occurs if a customer defaults on their payment agreement, commonly after missing several monthly installments or violating the terms of the contract[1]. Repossession typically does not happen after just a single missed payment, but Lewis Stores may initiate repossession after multiple missed payments, such as four consecutive non-payments, even if the customer has already paid for 12 months[1].
Before repossessing furniture, Lewis Stores or their appointed agents are generally required to follow the terms of the original sales agreement, which should outline the grounds and process for repossession[1]. Additionally, under general repossession law, the process must be conducted in a peaceful manner, without any breach of the peace or use of force[14]. In some jurisdictions or situations, written notice may need to be provided before repossession, but requirements can vary based on local law and the agreement terms[14].
Customers have rights during repossession, which may include:
- The right to receive notice before repossession, where applicable by law or under the specific contract[14].
- The right to cure the default by catching up on missed payments and paying any associated fees, in order to reinstate the contract and recover repossessed furniture[14].
- The right to fair treatment and a peaceful repossession process without threats or intimidation[14].
After repossession, further legal steps might be required before resale or final disposition of the property. The customer may still be liable for any shortfall if the resale amount does not cover the outstanding debt[14].
References
- [1] Repossessing of furnitures | Lewis Stores – HelloPeter
- [14] Unraveling the Complexities of Furniture Repossession Laws – Woodnbits
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