If the bank does a charge off for a vehicle because they can not locate it can it still be repossessed later by a collection agency?

Answer

yes, if you are still in possesion of the vehicle and you have not paid, they will re-po the vehicle.

So can you still make the payments to the bank? In order to get out of repossion status?

Answer

Yes, a collection agency or other second/third party owns the note and they can pursue reposesion efforts. To answer the question aboove; It depends on the bank if they will allow payment arrangements. I would get a notice in writing from the bank stating the arrangements they have agreed upon, most often a representative of the bank will say anything to get in a payment and still have the repo contract open.