Car Title Loans Quiz

9. Where must title loan lenders store repossessed vehicles?

a. INCORRECT

Title lenders must store repossessed vehicles within 15 miles of the office where the title loan was made.

Reference: Missouri Secretary of State Website (n.d.). Department of Economic Development, Division 140, Division of Finance, Title Loan Companies. http://www.sos.mo.gov/adrules/csr/current/20csr/20c1140-29.pdf.