Attorney Zoimé Álvarez Rubio analyzes the legal framework applicable to vehicle repossession in Puerto Rico and the remedies recognized by law for creditors and lessors in cases of contractual non-compliance. A recent article published in Microjuris, 'Prácticas alarmantes en la reposesión de vehículos en Puerto Rico', raises an important issue for both consumers and financial institutions in Puerto Rico.
The article partially and superficially exposes the rights granted by law to financial institutions to recover vehicles in cases of credit obligation non-compliance. Álvarez Rubio argues that the discussion should not be limited to general principles of due process or anecdotal examples, but rather should examine the entire legal framework.
The article claims that vehicle repossession generally requires a judicial lawsuit, sentence, and seizure order, but Álvarez Rubio states that this does not accurately reflect the current legislative scheme in Puerto Rico.