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No. The owner of the vehicle is responsible for insuring it and the only way it would be valid.

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โˆ™ 2015-07-16 19:19:35
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Q: If you and your dad are on the car title and you are the primary borrower can your dad get insurance for the car and just add you as a co-driver?
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Can co borrower gain possession of a vehicle from primary borrower?

Only if their name is on the title or by a court decree after suing the primary for not paying the loan.Only if their name is on the title or by a court decree after suing the primary for not paying the loan.Only if their name is on the title or by a court decree after suing the primary for not paying the loan.Only if their name is on the title or by a court decree after suing the primary for not paying the loan.


What is a mortgage title guarantee?

In order for a lender to loan funds to a borrower with real property as the security, the borrower's title to the property must be guaranteed so that in the event of a foreclosure the lender will acquire good title to the premises. Title is guaranteed via a title examination, an attorney's certification that they have examined the title and all outstanding encumbrances have been reported and title is in the name of the borrower, and a title insurance policy that covers the lender's interest.In order for a lender to loan funds to a borrower with real property as the security, the borrower's title to the property must be guaranteed so that in the event of a foreclosure the lender will acquire good title to the premises. Title is guaranteed via a title examination, an attorney's certification that they have examined the title and all outstanding encumbrances have been reported and title is in the name of the borrower, and a title insurance policy that covers the lender's interest.In order for a lender to loan funds to a borrower with real property as the security, the borrower's title to the property must be guaranteed so that in the event of a foreclosure the lender will acquire good title to the premises. Title is guaranteed via a title examination, an attorney's certification that they have examined the title and all outstanding encumbrances have been reported and title is in the name of the borrower, and a title insurance policy that covers the lender's interest.In order for a lender to loan funds to a borrower with real property as the security, the borrower's title to the property must be guaranteed so that in the event of a foreclosure the lender will acquire good title to the premises. Title is guaranteed via a title examination, an attorney's certification that they have examined the title and all outstanding encumbrances have been reported and title is in the name of the borrower, and a title insurance policy that covers the lender's interest.


What type of title insurance is requested by lenders?

A Lender will require a Lenders Title Insurance policy if they are extending credit on a property. The Lenders title insurance policy is based off of the Loan amount that the borrower receives. It will only protect the lenders interest in the property if a problem arises on title.


Can a co-signer who is named on the title take possession of the vehicle from the primary borrower in Oklahoma?

Not arbitrarily, the co-signer would need to sue the primary borrower and be awarded the vehicle or the money owed to complete the loan agreement.


If lender mistakenly signs over auto title to borrower and borrower sales title who is libel?

A borrower should not have a title in their possession that they have borrowed money against. This belongs with the lender. Should the borrower sell the car, they would be libel.


If the primary borrower on a cosigned car lease dies. what happens to the car?

The person who's name is on the Title is the owner of the car.


Should both names be on the property title if you co sign a loan?

If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.If you co-sign and your name is not on the title to the property then you may become responsible for paying for property you do not own. When you co-sign you are agreeing to pay off the loan if the primary borrower fails to pay.


Can you take possession of the car if the borrower stops making payments even though they have been paying for a year?

Only if your name is on the title, and only if the primary borrower defaults and the vehicle is subject to being repossessed by the lender.


How can co-signer transfer title to cosignee?

That depends on the type of property covered by the loan. A co-signer cannot transfer the obligation to pay the loan to the primary borrower. The co-signer has a contract with the lender that they will pay off the loan if the primary borrower fails to pay.If the property is a car the co-owner can sign over the certificate of title and the grantee can request a new certificate of title in their sole name.


If one is the primary driver for the car in terms of insurance but does not possess the title for the car is the insurance valid?

It is if you are listed on the policy as a driver.


Is a co-signer a co-owner?

No. A cosigner is not a co-owner of the property simply by signing the loan contract. They must specifically insist that they be added to the title. Otherwise they have promised to pay for property they do not own if the primary borrower fails to pay.No. A cosigner is not a co-owner of the property simply by signing the loan contract. They must specifically insist that they be added to the title. Otherwise they have promised to pay for property they do not own if the primary borrower fails to pay.No. A cosigner is not a co-owner of the property simply by signing the loan contract. They must specifically insist that they be added to the title. Otherwise they have promised to pay for property they do not own if the primary borrower fails to pay.No. A cosigner is not a co-owner of the property simply by signing the loan contract. They must specifically insist that they be added to the title. Otherwise they have promised to pay for property they do not own if the primary borrower fails to pay.


Can a cosigner in California take possession of a vehicle if the primary borrower is not making the payments in Georgia?

Only if the cosigner is also named on the vehicle title.


What are the rights of the cosigner to sell a car?

None, unless the cosigner is also on the title of the vehicle they have no legal rights to the property. When someone cosigns a loan for any reason they accept the responsibility of paying the debt if the primary borrower defaults. The only option a cosigner has in recovering money paid out in connection with the loan is to sue the primary borrower in the appropriate court, in the city or county where the borrower lives.


Is Massachusetts a lien theory state or a title theory state?

Massachusetts is a title theory state. The title to mortgaged property is divided into legal title, held by the lender, and equitable title, held by the borrower. The borrower gains full title to the property upon repayment of the mortgage debt. In a title-theory state mortgagees may take possession of the mortgaged property by foreclosure and sell it upon the default of the borrower.


Does being a co borrower mean having the same rights to the property as a borrower?

No, the agreement of the co-borrower is independent of the deed/title. Being a co-borrower means that you share the responsibility of the loan on the property, but the property ultimately belongs to whoever is listed as owner(s) on the title or deed.


What is a title insurance producer?

Generally speaking, a title insurance producer is the same as a title insurance agent.


Who are the largest Title Insurance companies in the US?

First American Title Insurance Company Fidelity National Financial Stewart Title Insurance Guaranty Old Republic Title Insurance Company North American Title Insurance Company Chicago Title Insurance Company


If the primary borrower in Colorado is not defaulted on the payments can the co-signer take possession of the vehicle?

The only way that a co-signer can take possession of the vehicle is if they are listed on the title as a co-owner. Even if they are a co-owner, they cannot just take the vehicle. They would need to sue the primary borrower in court to gain possession.


What is the primary purpose of hipaa title 1 insurance reform?

Is to provide continous insurance coverage for workers and thier insured dependents when they change or loose jobs.


If you are the primary signer on the car's title and on the insurance who should the check be made out to if you total your car?

To ALL the names on the title AND the bank/finance company that holds a lien.


Can the cosigner take possession of the car?

Not unless their name is also on the title. If you're not on the title then you only agreed to pay the loan if the person buying it doesn't. This doesn't give you any right to the car. However, you can sue the primary borrower in civil court if they defaulted on the loan and you made the payments. The judge may order the primary to sign the title over to you.


Can a cosigner who is on the title of a leased car be sued for not paying any payments on the car when the primary leasee is paying off the loan?

First of all it would not be possible to be on the title of a leased vehicle, as the leasor retains ownership rights. A cosigner is only responsible for the debt if the primary borrower defaults on the lending agreement.


Need title insurance?

Yesm, as a buyer of property (even with a warranty deed), you should require the seller to obtain title insurance to back up its claim of ownership. Otherwise, when you receive their worthless ownership in the form of a deed, without title insurance, you might never recover the cost of the property, when it happens to belong to someone else you never heard of. Similarly, as a buyer, you will want title insurance for your own peace of mind; knowing that you won't have to pay to quiet title, or sue the sellers on the warranty, in the event there is ever a dispute. As a lender, you must insist on title insurance, to protect the value of your security interest against seizure by someone with a better claim than your borrower.


Do title insurance companies employ title examiners?

Title examiners are typically employed by title insurance companies


Does a cosigner have the right to take possession of the car when the primary borrower has made all the payments and has not defaulted on the loan?

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