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Lien Sales -- Civil Code § 3068

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Despite the Court of Appeal's surprise in having to deal with this "obscure little backwater area of the law" -- to quote the Court -- , practitioners know that the fact pattern of which the defendants were convicted is not that unusual.   In People v. Ali Maadarani, 2016 WL 5940319, at *13 (Cal.App. 3 Dist., 2016), the Court of Appeal found that… Read More

In Nuvision Federal Credit Union v. Beliciu, 2014 WL 3670006 (Cal.App. 2 Dist. 2014), the Court of Appeal for the Second Circuit in an unpublished decision affirmed a trial court’s finding that a buyer of a car at a lien sale was not a bona fide purchaser because the buyer knew of the secured party’s lien and conspired to void… Read More

In Los Angeles Federal Credit Union v. Madatyan (2012) 2012 WL 4830255, the customer purchased a 2000 Bentley, financed by his credit union.   The RISC required the customer to insure the car against collision damage and name the credit union as a loss payee.  The car was damaged.  The customer's repair shop estimated repair costs at $39,000.  The insurer paid… Read More