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Can someone use your vehicle as collateral on a loan without you signing the loan?
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∙ 11y ago
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Can you mortgage without being on the title?
No. When you mortgage a property you are signing yourinterest over to the bank as collateral for the loan. You can't do that if you don't own the property.
Can I sell a vehicle if I am a coowner without the other owner signing?
I don't think so not without their approval.
Can you change a title with someone elses name on it?
A title cannot be changed without the owner of the vehicle signing off on the seller line. A title can be transferred and a vehicle registered by a person other than the registered owner in most states.
What kind of collateral is used for a personal loan?
It depends on the type of personal loan. It is possible to get a loan using only a good credit score as collateral. If you do not have good credit, it is still possible to get a loan without collateral, but you can expect to pay a much higher interest rate. It is also possible to use a vehicle or property as collateral.
Could someone use vehicle tracking on your vehicle without your knowledge or permission?
Yes vehicle tracking devices can be used on your vehicle without your knowledge. If you find this to be the case and it was not put there by the police it is illegal.
Leting someone drive your car without a license?
If you allow someone to drive your vehicle without a licence, you could have your licence suspended. It is illegal.
Should cops really arrest someone who is driving a vehicle without no vehicle insurance?
think about it if you had a nice ride and someone without insurace would hit you and possibly total your nice ride,you would be stuck,he wouldn't have insurance to replace your vehicle and your insurance will jack your rates up,or may not even replace your vehicle,so yes they should arrest someone without insurance.one more thing,what if that unisured driver would hit and kill someone
Can a car be repossessed in California without a lien being placed on the title?
IF the loan is perfected, it can be repossessed. If you have signed a loan contract with the vehicle specified as collateral for that loan, it can be reepossessed if the loan is in default.
Is it possible to a place lien on someone's home with their consent as collateral for a personal loan?
Yes. It is a relative simple and inexpensive legal process that can be done without an attorney.
If the bank sent you a title without a lien holder on it can you stop making payments on the loan and keep the car?
Your obligation to repay the loan is based on the promissory note you signed, and has nothing to do with a lien on the vehicle. Without a lien on the vehicle, the lender will be unable to repossess the vehicle, but they can still collect on the debt. They can also impose substantial penalties. Without a vehicle lien as collateral, most lenders will convert your auto loan into a signature loan at an interest rate of 12% or higher.
What is red clause credit?
A Green Clause Without Collateral
If you drive someone else vehicle and they dont have insurance is this against the law?
Yes, It is always illegal to drive without your financial responsibility. It doe snot matter if it's your vehicle or someone else's
