Jill falls three months behind on her loan payment The bank

Last updated: 5/15/2023

Jill falls three months behind on her loan payment The bank seizes her car which she used as collateral Which of the following best describes this situation Jill has asked the bank to help her sell her car to get the money to pay the loan Because Jill s loan was for the car the bank repossessed it Jill is in default of her loan Because she cannot pay O her loan the bank seizes her car which she used as collateral As part of her loan Jill gave the bank permission to use her car when she defaults on her loan