Yes, all the documents relating to the loan.
Yes, all the documents relating to the loan.
Yes, all the documents relating to the loan.
Yes, all the documents relating to the loan.
Yes. The co-signer should insist on having an original copy of the contract, and any other documents they signed, since they are a party to the contract and the provisions are legally binding on the co-signer.Yes. The co-signer should insist on having an original copy of the contract, and any other documents they signed, since they are a party to the contract and the provisions are legally binding on the co-signer.Yes. The co-signer should insist on having an original copy of the contract, and any other documents they signed, since they are a party to the contract and the provisions are legally binding on the co-signer.Yes. The co-signer should insist on having an original copy of the contract, and any other documents they signed, since they are a party to the contract and the provisions are legally binding on the co-signer.
no, because the lease-signer is a minor. Only adults can sign and be legally responsible for a lease.l
right to sign treaties legally binding agreements with other countries
You would need to be at the age in which you can be entered into a legally binding contract. In the United States, that age is eighteen.
If they were an 'emancipated minor' yes. Otherwise, a contract signed by someone under the age of 18 (without a co-signer on the contract) would not be legally enforceable.
You need to sign the Certificate of Title over to the co signer so that the vehicle can be legally registered in the name of the co-signer.
You need to sign the Certificate of Title over to the co signer so that the vehicle can be legally registered in the name of the co-signer.
The loan will go into default and the co-signer will be notified by the lender since the co-signer is legally responsible for the loan, which is why the lender wanted a co-signer in the first place. The co-signer should try to arrange notice from the lender when a payment is late.
Yes, a minor can obtain a loan with a co-signer who is legally responsible for the loan if the minor fails to make payments.
In most cases, a 16-year-old cannot finance a car on their own because they are not legally able to enter into a binding contract. They would typically need a co-signer, such as a parent or guardian, to secure a car loan.
In most states in order to remove a co-signer from the paperwork you will have to refinance the car in only your name. The co-signer is also known as a guaranteer of the loan, if you don't pay they are required to; so as long as you have a co-signer they will be on the paperwork. If you are not a member of a credit union I would look at getting a membership at one. They are usually not-for-profit (unlike banks) and will usually offer better rates and usually have slightly lower restrictions on credit worthiness for loans.
A co-signer in a loan agreement is responsible for repaying the loan if the primary borrower fails to do so. The co-signer is obligated to make payments on time and may be held legally responsible for the debt if the borrower defaults.