2. The lender sends a notice of sale: The lender must send the borrower a notice of sale at least 10 days before the car is sold. The notice will include the date, time, and place of the sale, as well as the amount that the borrower owes.
3. The car is sold: If the borrower does not redeem the car by paying the full amount owed, the car will be sold at a public auction. The proceeds from the sale will be used to pay off the loan, and any remaining balance will be sent to the borrower.
4. The borrower is responsible for any deficiency: If the proceeds from the sale do not cover the amount that the borrower owes, the borrower will be responsible for the deficiency. The lender can sue the borrower for the deficiency, or it can garnish the borrower's wages.
