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Guy parting out SUV with outstanding lien Maryland

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  • Guy parting out SUV with outstanding lien Maryland

    A practice, I find questionable, is taking place and wanted some input. A guy is offering parts for sale from a perfectly good running vehicle. Why? He owes too much. The amount of the Lien is $17,000 and the value of the vehicle is about $12,000. He believes he can come out better parting it out and paying it off as he sells the parts. He has already begun the process, so at this point, the vehicle is undriveable. I'm wondering if there are any laws in Maryland that protect a bank's interest in cases like this. I've advised him what he is doing may be illegal and create a huge mess for him. I am not interested in getting him in trouble but to give him some sound advice based in law.