Which Records Show a Vehicle’s Sale Price and Loan Activity? | NC

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Q: What records can show the sale price and account activity after a lender sells a deceased borrower's vehicle? A: The most useful records are the lender’s written surplus-or-deficiency explanation, the sale statement or auction invoice, the complete account ledger, and an itemized list of repossession and sale expenses. The explanation should show the debt, gross sale proceeds, expenses,…