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If a contract require a signer and cosigner and the cosigner has not signed is the contract valid?
Wiki User
∙ 12y ago
No. If the lender requires a co-signer and that co-signer doesn't sign the note then the lender will not pay over the proceeds of the loan. Without the co-signer's signature the contract is not valid.
Wiki User
∙ 6y ago
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Can you remove A CO signer name after six months?
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.
Does cosigner have a right to copy of contract written by the lender?
Yes. The co-signer should insist on having an original copy of the contract, and any other documents they signed, since they are a party to the contract and the provisions are legally binding on the co-signer.Yes. The co-signer should insist on having an original copy of the contract, and any other documents they signed, since they are a party to the contract and the provisions are legally binding on the co-signer.Yes. The co-signer should insist on having an original copy of the contract, and any other documents they signed, since they are a party to the contract and the provisions are legally binding on the co-signer.Yes. The co-signer should insist on having an original copy of the contract, and any other documents they signed, since they are a party to the contract and the provisions are legally binding on the co-signer.
What are the requirements of an auto cosigner in Indiana?
An auto cosigner, in the state of Indiana, has to meet all of the requirements of the contract. In most cases the cosigner has the same obligations as the primary signer.
Once the cosigner signs the contract can the borrower take more money out?
Not w/o the knowledge and consent of the co-signer.
How do you get out of a cosigner contract?
You can't. You are just as legally bound as the primary signer on the contract and as such are obligated to satisfy the terms of the contract. That's why it's NEVER a good idea to be a co-signer.
Binding contract buyer sign and co-buyer don't sign is the contract void?
If the contract was supposedly made for a co-signer and lead signer then no, it would be non-valid if not signed by both parties.
How can you get a student loan without a co signer?
You may want to consider a federal student loan as these types do not require a cosigner.
Can a cosigner ask the court to garnish the borrower's wages to make the loan payments?
The cosigner can ask but I seriously doubt they will be successful. The cosigner knew the risks when they signed the loan application. The cosigner knew, or should have known, the borower's history of successful loan payoffs were questionable at best. The cosigner assumed the responsibility when they signed on.
Why do it have to affect the co-signer when its your debt?
Because the cosigner guaranteed the to pay the loan if you do not. You fail to make a payment and the lender will be looking at the cosigner for the payment. You not only have an obligation to the lender who lent you the money but to the cosigner who also signed his name to the loan agreement.
Can the cosigner be taken off the auto loan contract if stated and the loan is in good standing for 12 months?
No the co-signer is on for the life of the loan
Can a person under 18 get a car loan without a co-signer?
No, it is not possible for an underaged person to enter into a financial contract with or without a cosigner.
Who's credit is affected if a cosigner is bankrupt and the loan is defaulted?
Both parties on the loan. Co-signer and other person they co-signed for
