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Bought a car out of state but loan is with your bank Who receives the title?
The bank receives the title until the loan is paid. If the loan is paid off then you receive the title.
Can a bank hold a title on a paid off auto loan because there is another older loan that is collections on another vehicle in Utah?
I have a car that is paid off. The bank is holding the tittle for colletaral for another car loan that was repo. Is this legal?
How do you get your car title from Bank of America?
The only way to get your car title back from the Bank of America is to pay of the loan that the title is collateral for. If the loan is paid off, they will send you the title in the mail.
Can bank hold on to your car title as collateral on a bank credit card went the car loan was paid off prior to bankruptcy?
The bank should not have your car title if it is paid off. If you declared bankruptcy and it was discharged, your bank credit card account should be dismissed.
Does the bank need a copy of the title when applying for a loan?
no
Can a bank include in a loan that the car is paid off in the event of a death if it was a gift?
If you know of a bank that does that, please give me their name. It is extremely unlikely that any bank would offer for forgive a loan balance for any reason. The bank's loan dept. is not in the insurance business. Keep in mind that the bank actually owns the car because they hold the title in their name as collateral for the loan. The car does not legally belong to you until you hold clear title. If you die owing money on the loan, the bank will sell the car to recoup as much of the outstanding balance as they can. The bank might allow another party to assume the payments under a prearranged agreement. Calling the car a gift means nothing. And I wouldn't consider it a gift if you have to pay for it!
how do i get my money on hold in bank for unsecured loan?
I do not understand what you are trying to do. How is your money on hold at a bank? Is it in a longterm CD?
Your son gave you a truck as a gift you are on the title vehicle is insured and registered in your name He is in default on his loan Can the bank repossess your vehicle?
If there is a loan against the car then the bank is on the title and they own the car, your name would be on the registration but not on the title, so yes they can repo it. If you have the actual title in hand then their is no loan on it and you own the car.
What happens if you Car title loan in default and car is totaled?
Typically you need a car with insurance to get a title loan. If your car is totaled, the loan company are entitled to that money since they hold the title for your car.
If you have a car returned to the bank will it hurt your husband's credit if he is not on the title or loan?
No
What do you do if you lose the title to your car and it has a lien on it that you are default in?
You didn't have the title to begin with. The loan company or bank does. So, you didn't loose it, but you may loose the car since it is in default . The loan company/bank owns the car, not you.
Who is resposible for the loan if the title is in the deceased name only?
The estate is responsible for the loan. If it is not paid the bank will take the property.
