If the loan is paid off, the lender will give you a lien release. With that release in hand visit your local DMV to have the cosigner removed.
If you go to the registration office with the primary and have them give consent to the cosigner
To remove a cosigner from a car title in California, you typically need to refinance the car loan in your name only. This process involves applying for a new loan without the cosigner's involvement and using it to pay off the existing loan. Once the new loan is approved and the old loan is paid off, the cosigner can be removed from the title.
The cosigner of the loan owns 1/2 of the property if they are on the title.
In most states, yes, the lender is actually the 'owner' until the loan is paid off and can require that the cosigner be on the title.
You cant without the cosigners approval.
NO, the ONLY rights a co-signor has is to pay off the loan if the debtor defaults. Unless, they are listed on the title. Two different ballgames.
Control in what sense? Sell them, transfer title? The cosigner guarantee's the loan on the vehicles and would need to agree to selling them and sign the title. You can use them for any purpose, do anything with them including burning them. You will still be responsible for the loan and if not you the cosigner will have to pay the loan off.
The title has nothing to do with the loan. The loan will need to be refinanced using a different cosigner or only the primary borrowers.
yes.
Yes, the cosigner can register the car if they are listed on the title and have the necessary documentation.
If a cosigner's name is not on the title they have no legal claim to the vehicle. They can file a lawsuit against the primary borrower to recover money that they contributed towards the paying of the loan.
Cosigner just means someone who guaranteed the note. What's on the title? If the cosigner is on the title, he/she is entitled to half of the proceeds of a sale or insurance liquidation because it's the TITLE that determines the ownership, not who paid for it.