What is Rising Bank’s policy on repossession?

Per your promissory note, an Event of Default may result in a negative credit reporting and possible repossession of your vehicle under applicable laws. In the event of a repossession, the repossession expenses may be covered from the proceeds received from the vehicle sale, the remaining balance will be applied towards your outstanding balance. If the balance does not satisfy your debt obligation in full, you may be responsible for covering the difference. 

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