HomeWhat are all the responsibilities of a co-signer?
Wiki User
2004-04-21 05:31:01
2004-04-21 05:31:01
A co-signer is responsible for all provisions of the loan agreement. "Co" means equal. You and the primary borrower are equally responsible for the contract. Find out more at www.dealertricks.com
Related Questions
The legal responsibilities of a cosigner on a lease agreement are the same as the tenant without the benefit of tenancy.
Almost anyone can be a loan cosigner, however they must be creditworthy, accept and intimately understand the responsibilities which accompany the role, and meet any of the lender specific requirements.
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.
Yes, you can replace a cosigner for an apartment with another cosigner. However, you need to get the consent of the landlord.
A cosigner basically is a guarantor for the repayment of a loan or value and serves as cosigner of the debt. If the debtor fails to make payments or defaults, the cosigner is obligated to pay off the debt. No benefits for the cosigner, but cosigner benefits the debtor.
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