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Can a person remove their name as a cosigner for a vehicle?

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2005-10-21 18:30:58
2005-10-21 18:30:58

No, the primary borrower would need to refinance the vehicle in their name only or with a different co-signer. Person's who agree to being a co-signer usually do so with good intentions of helping out family members or friends. Unfortunately it often turns out badly with the co-signer getting "stuck" with the debt and problems with their personal credit.

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They would need to have the vehicle refinanced in their name only or obtain another cosigner for the refinancing.

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Nothing. The only option for being remove as a cosigner is to have the original loan refinanced without the cosigner participating.

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Yes. The judge can order the spouse who is keeping the vehicle to refinance it in their name only.

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No, a cosigner has no legal rights to a vehicle unless his or her name appears on the vehicle title.

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No, one can not remove a cosigner from any contract after 6 months. The cosigner will have to stay on the contract until the contract is paid.

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Buy cobuyer I wonder if you mean cosigner on a loan. If this is the case then the answer is no. As a cosigner you are simply agreeing to pay the loan if the person who took it out does not. It is in his or her name and you are responsible for it if they do not pay it.

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It depends on what the title says. The title can say "The owner of the vehicle is Name 1 or Name 2." If the title says this then the cosigner has limited rights to get the car. Whoever has the vehicle can sell the car without the cosigners signature. Now if the cosigner has the car, the cosigner can sell the car without the main owners signature. If the title states Name 1 and Name 2, then you have same rights as the main owner of the car. This means if Name 1 trys to sell it, they can't sell it without your signature.

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A cosigner cannot simply remove their name from the contract. The cosigner is obligated equally with the primary borrower until the loan is paid. A cosigner's credit history will be affected, hopefully in a positive way.

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Refinancing in your name, if you have credit, is one easy way to do this.

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It depends on local/state laws and what the original contract stated.

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Can't unless you get your name off the loan. The person you co signed for has to get the loan changed out of your name.

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Generally, the co-signerdoes not have any authority or means to remove their name from a loan. That would involve altering the loan documents and the lender's records. The loan is owned by the lender.

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If a person's name is listed on a title, that person owns the car. If a person merely cosigned the note, that person's name will not be on the title. If you own the car, you certainly can take physical possession of it.

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If a person's name is on a vehicle title, he or she is the owner. There is no legal way to have the name removed without the person volunteering to remove it.

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The only way to be relieved of the obligation is for the primary borrower to refinance the vehicle.

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Easy, you can check your own credit report OR go to a registries office and do a quick search. A simpler method is to ask the person that is the primary borrower/buyer or call the lender. Either a cosigner or co-buyer can be listed on the title depending upon the agreement made by the persons involved. The title to a vehicle determines ownership, a cosigner generally has no vested interest in the property only the responsibility of the debt.

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The person named on the title is the owner and can take possession. If you have to pick up the car from another party, have a sheriff deputy on hand when doing so, just for your protection.

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Unless your name is on the vehicle or you reside in the apartment in which you co-signed, you have no rights in the state of California. If your name is on the car or home, then you can take possession and pay the note.

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The person whose name you seek to remove must convey their interest to you by a deed.The person whose name you seek to remove must convey their interest to you by a deed.The person whose name you seek to remove must convey their interest to you by a deed.The person whose name you seek to remove must convey their interest to you by a deed.

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Is their name on the title? It sounds like your asking about a loan problem. That's between you and your bank. No, persons named cannot arbitrarily be removed from the title of a vehicle. The exact wording of the title detemines what action any person named on the title can take in regards to the selling, trading, partitioning, etc. of the vehicle.

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No, the owner of the vehicle is the person whose name appears on the title to the vehicle.

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A cosigner can only be removed from the financial obligation through the refinancing of the vehicle. If the ex-spouses name is not on the title she or he does not have any legal claim to the vehicle unless the couple lived in a CP state and were married at the time of purchase. Furthermore, terms contained in a divorce decree are not legally binding when it comes to such issues.

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The only way to be relieved from cosigning obligations is for the primary borrower to refinance the vehicle. And no, if the person's name is not on the car title they have no ownership rights.


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