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Equity Skimming of a Vehicle Attorney in Denver and Adams County | How Equity Skimming of a Vehicle is Charged

Equity Skimming of a Vehicle Attorney in Denver and Adams County | How Equity Skimming of a Vehicle is Charged

Posted by Terry O'Malley | Aug 15, 2016 | 0 Comments

Equity Skimming of a Vehicle, C.R.S. 18-5-803, can be a felony in Denver, Adams County or anywhere else in Colorado. You can face charges of Equity Skimming of a Vehicle under many circumstances, such as selling your vehicle to someone else without permission because you couldn't afford the payments, or failing to pay the car owner any money received from selling or leasing the car. If facing any accusations or charges of Equity Skimming of a Vehicle in Colorado, contact the top criminal defense attorneys at the O'Malley Law Office to defend you today.

Facing Equity Skimming of a Vehicle charges?

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Equity Skimming of a Vehicle Arapahoe County and Jefferson Count Lawyer: Definition of Equity Skimming of a Vehicle

The definition of Equity Skimming of a Vehicle in Arapahoe County, Jefferson County and across Colorado, is:

A person commits equity skimming of a vehicle if, knowing the vehicle is subject to a security interest, lien, or lease, he accepts possession of or exercises any control over the vehicle in exchange for consideration given which may be verbal assurance or otherwise, and;

  • Obtains or exercises control over the vehicle of another and then sells or leases the vehicle to a third party without first obtaining written authorization from the secured creditor, lessor, or lienholder for the transaction of the sale or lease to the third party, unless the entire balance of the security interest, lien, or lease is paid or satisfied within thirty days of said transaction; or
  • Arranges the sale or lease of the vehicle of another to a third party without first obtaining written authorization from the secured creditor, lessor, or lienholder for the transaction of the sale or lease to the third party and exercises control over any part of the funds received, unless the entire balance of the security interest, lien, or lease is paid or satisfied within thirty days of said transaction; or
  • Knowingly fails to ascertain on a monthly basis whether payments are due to the secured creditor, lienholder, or lessor and to apply all funds he receives for any lease or sale of the vehicle toward the satisfaction of any outstanding payment due to the secured creditor, lienholder, or lessor in a timely manner.

Equity Skimming of a Vehicle in Douglas County: Felony or Misdemeanor?

In Castle Rock, Douglas County and across Colorado, Equity Skimming of a Vehicle is a class 6 felony. This means you can face up to 18 months in the Colorado Department of Corrections and risk a $100,000 fine if convicted.  If you are accused of Equity Skimming, seek the assistance of a criminal defense attorney at once.

Charged with Equity Skimming of a Vehicle in Denver? Call Us

If you are facing charges of Equity Skimming of a Vehicle in Denver, Aurora or any other area of Colorado, call the criminal defense lawyers at the O'Malley Law Office immediately. You cannot afford risking time in prison, restitution or other fines upon a conviction of Equity Skimming of a Vehicle in Colorado. You need an aggressive legal advocate on your side that can fight hard to protect your future and rights.

Get Help Now

If you or a loved one faces charges of Equity Skimming of a Vehicle in Colorado, be smart and exercise your right to remain silent. Then, contact the best criminal defense attorneys at the O'Malley Law Office for a free consultation at 303-830-0880. Together, we can protect your future.Request a Free Consultation

Image Credit: Pixabay – Nannica

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Terry O'Malley

Get Help Now! Request a Free Consultation Meet Criminal Defense Attorney Terry O'Malley If you have been charged with a crime, you are probably dealing with strong emotions about your upcoming court appearance. You are struggling with knowing how to choose a trustworthy lawyer to represent you...

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Get Help Now

If you or a loved one is facing criminal charges in the Denver area, be smart, exercise your right to remain silent, and contact the best criminal defense lawyers at O’Malley and Sawyer, LLC at 303-830-0880. Together, we can protect your future. Request a Free Consultation

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