answersLogoWhite

0

  • Auto Loans and Financing
  • Repossession
  • Personal Finance
  • Loans
  • Money Management

In Ohio if you are a co-signer on an auto loan and many payments are late does the bank legally have to notify you when payments are late?

User Avatar

Wiki User

βˆ™ 2015-07-16 19:22:26

Best Answer
Copy

They would only notify the 1st party and not the co-signer.

§ 1309.607. (UCC 9-607) Collection and enforcement by secured party. (A) If so agreed, and in any event after default, a secured party: (1) May notify an account debtor or other person obligated on collateral to make payment or otherwise render performance to or for the benefit of the secured party;

Notice the word 'MAY'???

2015-07-16 19:22:26
This answer is:
πŸ€“
🀯
πŸ€”
User Avatar

Your Answer

Loading...

Related Questions

Can you file bankruptcy in Ohio then move to Germany before the bankruptcy is complete?

Yes, you can move anywhere you want to, but if you are paying payments (Chapter 13) you are still legally obligated to make the payments.


Can you get a drivers license in Ohio if you are from Illinois?

If you have legally moved to Ohio, you can take your Illinois licence and get an Ohio license.


Can you continue your unemployment benefits if you move from Ohio to California?

Ohio will continue your benefits if you notify them of the move and comply with their requirements concerning same.


How old do you have to be to move out of you're parents home in ohio?

Legally 18 because in Ohio there is no emancipation. (I live in Ohio.)


Which states is the only one that requires employers to notify workers when they are being monitored?

ohio


Can a 16 year old legally enroll themself in high school in Ohio?

Can a 16 year old legally enroll themself in high school in Ohio?


Can people in Ohio legally purchase pistol ammo?

yes


In Ohio who has to pay sales tax accelerated payments?

Accelerated payments are due from anyone in Ohio who collect more than $75,000 in sales tax per calendar year. The payments must be made by EFT, and 75 percent of the anticipated sales tax must be paid in advance.


Can you get a drivers license in Ohio if your New York license is suspended?

Not legally.


How old do you legally have to be to babysit in Ohio?

10 i think that's how old i am


Where can you find under the table work in Akron Ohio?

Nowhere legally


Can they legally shut off electric heat in winter in Ohio?

Yes


Can you drive a car legally in Ohio without air bags?

Yes.


What age can you legally move out your parents in Ohio?

When you are 18 or with parental consent.


Limit to how long collectors can legally collect your debt in Ohio?

In the state of Ohio, collectors can legally collect your debt for up to ten years. The collection process can range from telephone calls to wage garnishment.


Moving out at 16 in Ohio?

A 16 year old teenager can not legally move out on their own. In the state of Ohio, they are considered a minor.


When is a child considered an adult in Ohio?

17 years old legally. What exactly does being "emancipated" mean in the state of Ohio?


What states can you get a drivers license in if it is suspended in Ohio?

Ohio had suspended your license. That means you already have one and cannot get another legally.


NJ cosigner deceased May of last year Borrower not a beneficiary Ohio bank creditor for private college loan first payment due January of this year when and how is lender to be notified?

The question states that an Ohio bank is the lender. Determine their mailing addreess and notify them of the co-signors death, at that address. NOTE: If you are unable to qualify for the loan on your own, in order to ensure the safety of their loan, they MAY require you to come up with another co-signer.


Can you keep a firearm in your home legally without a permit in ohio?

Ohio does not require a permit to purchase or possess an ordinary Title I firearm.


Can you get married without a license in Ohio?

Without a license it would not be a legally recognized marriage.


Can a 16 year old legally date a 13 year old in Ohio?

Yes


Is it illegal to drop out of school at 16?

Well, in Ohio, its pretty difficult to drop out legally.You need to get the superintendent to sign a waver allowing you to legally drop out of school, and most won't do it.Unless you have that waver, its illegal to drop out until your 18 in Ohio.


Can a 17 year old move out of their parents house with out their consent in Ohio?

Being 17 is still considered a minor in Ohio. They have to be 18 to more out legally.


Where is it legal to marry as lesbians in Ohio?

Same-sex couples may legally marry in any county in Ohio effective June 26, 2015.