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If you are the only one listed on a truck's contract could your husband be held liable for a defaulted loan if you voluntarily repossess in Nevada?
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Answered 2015-07-15 19:14:27
Check with a locall attorney to be sure, but I'd say YES. I am NOT an attorney. Go to the link below for more reading.
http://www.escrowhelp.com/articles/20000114.html
There are currently nine states which offer Community Property status. These states are: Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin. The "marital property act" defined Wisconsin as a community-property state, but individual circumstances will dictate how this act is interpreted.
The property laws in these nine states look at property purchased during a marriage as community property and both husband and wife have an equal right to possess the property during their marriage.
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