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When you cosign for someone how long are you required to be their cosigner?
Wiki User
∙ 11y ago
For the length of the contract you sign. If you cosign on a 3 yr loan, you are responsible for the debt for 3 years.
Wiki User
∙ 11y ago
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Is a lender required to evaluate whether a cosigner should be allowed to cosign?
The lender will evaluate the cosigner's ability to repay the loan. As long as the cosigner is mentally competent, his health is not normally an issue. If the family had gone to court to have a conservator or guardian appointed for the grandfather BEFORE the loan was signed, it would not be valid.
How does co-signing works?
What would you do if a friend or relative asked you to cosign a loan? Before you answer, make sure you understand what cosigning involves. Under federal law, creditors are required to give you a notice that explains your obligations. The cosigner
How long should a cosigner stay on the lease if they cosign for an apartment?
I cosigned for my daughter five years ago on and apartment. Mu daughter is self employed. Her boyfriend has now moved in and wants to take responsibility for the rent. Land lord will not take me off the lease. What can I do?
Can a17 year old get a loan with a cosigner?
Yes, as long as the cosigner is a legal gardian or a parent.
Can you cosign multiple loans?
yes, as long as your credit is good enough for the respective loans.
Does the buyer of a car have to have a job if they have a cosighner and for how long?
if you have a good cosigner then all that matters is their credit and work history... if you renage on the deal they go after the cosigner
How long can a person go to jail for taking out a student loan that used someone as a cosigner that they were unaware of?
If you signed someone else's name on a legal document then the crime is forgery. If it is your first offence you may not go to prison if you are lucky.
How long does the co signer have to stay on an auto loan?
A cosigner is obligated as long as the loan exisists. The loan must be paid off or refinanced into the primary borrower's name only to release the cosigner.
How long does the co-signer have to stay on an auto loan?
A cosigner is obligated as long as the loan exisists. The loan must be paid off or refinanced into the primary borrower's name only to release the cosigner.
How long does a cosigner need to be on the contract?
untill its paid off * The other option is for the primary borrower to have the loan refinanced without the participation of the original cosigner.
Can a cosigner live in a different state than the borrower?
That depends on the lending institution, but most lenders will accept an out of state cosigner as long as the person qualifies.
If the cosigner of a home loan dies will the bank go after his estate for repayment?
My belief is that as long as the mortgage is paid on time by the borrower, there would be no reason to go after the cosigner estate.
