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Do both owners have to sign vehicle title to use it for collateral?
Wiki User
∙ 14y ago
It may depend on what state you are in, but normally, if the title reads John Smith AND Jane Smith, both parties have to sign. If the title reads John Smith OR Jane Smith, either party can sign.
Wiki User
∙ 14y ago
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If the title has two names but is not separated by AND or OR then which is the primary owner or are they both equal owners of the vehicle?
If there is no specific designation on the vehicle title the default laws of the state in which the vehicle is titled will apply.
When your name is the second name on your truck title can the person whose name appears first on your truck title repossess the truck or have you arrested if you leave with the truck in NC?
If two owners are listed on a title in NC, they are considered to be equal owners. Therefore both owners have the same control over the vehicle.
You own a vehicle with your husband do you both need to sign title to transfer vehicle to get another?
If your names BOTH appear on the title - yes - you will both have to sign.
If you have Two names on vehicle registration and you separate who has rights to the vehicle?
Yes. Most states give the option of titling the vehicle to the two buyers as either "and" or "or" owners. This would show on the title afterward. If two people buy a vehicle with the "and" option, both of them must sign the documents to sell the vehicle. If the "or" option is chosen, either owner can sell without the other owners okay.
What rights does a secondary or co-buyer have should you decide to sell your truck?
If both names are on the title of the vehicle, both parties must agree on any transfer of the vehicle. In other words, you can't sell or trade the vehicle without both owners signing off on it. Find out what car dealers don't want you to know at www.dealertricks.com.
Can one person get a title loan on a car title with two names on it?
Yes, joint ownership. It can read John Doe and Mary Doe, or it can read John Doe or Mary Doe. If it it titled "and", both parties share ownership jointly and both signatures are needed to transfer title. If it is titled "or", either party can transfer the title, without the other owners consent.
If I am the primary owner of a car that is paid in full my husband is the co owner can I take the car when I divorce him?
No. If both parties are listed as owners, then both people own the car. Changing the title will require a personal visit to your local motor vehicle department - both parties must be present in order to change the names on the title.
Can a automobile title have two owners?
yes but they both have to be listed on the bill of sale
Does both names on auto title have to be on insurance for vehicle?
Yes
What if both names are on the title. can co signer take control of the car?
if you are on a car title and co signed for that vehicle, and it reads " you or them " can you register the vehicle
If primary owner and cosigner have both their names on the title and primary doesn't pay the payments can you repossess the vehicle The title says or on it.?
If there are two individuals listed on the title of a vehicle as primary and joint, they are both responsible for the payment of the loan. If the primary defaults on the payment, the joint owner is responsible for payment. If both parties default, the vehicle can be repossessed.
Your boyfriend co signed on a car for you you are both on the title you make all payments and have proof If you leave him can he report the car stolen?
No. however, since both of you are titular owners, beware: he cabn come and take it and it will not be theft. You should get him to sign a transfer of title (see the rules for such in your state motor vehicle agency), or sue him for "equitable" title. You will need proof of your payments.
