How long does a credit union have to hold a vehicle after repossession you mi?

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2026-06-02 20:15

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In Michigan, a credit union must hold a repossessed vehicle for a minimum of 21 days before selling it. This period allows the borrower time to redeem the vehicle by paying off the outstanding debt. After this holding period, the credit union can proceed with the sale of the vehicle. It's advisable for borrowers to check specific terms with their credit union, as policies may vary.

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