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10y ago

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Can a minor cosign a loan with someone other than his or her legal guardian?

If you are a minor, you cannot LEGALLY cosign or sign any loan/contractual agreement.


Can someone cosign in another state?

Yes, someone can cosign for a loan or lease in another state, but it typically depends on the lender's policies and the specific requirements of the loan or lease agreement. The cosigner may need to provide documentation and identification from their home state, and some lenders may require the cosigner to be physically present during the signing process. It's important for both parties to understand the legal and financial obligations involved.


How do you cosign for a personal loan?

When you cosign for a loan, it's as if you are applying for loan for yourself, because if the person you cosign for does not pay, then you're responsible for making payments Very simply - a co-signer of a loan is responsible for absolutely everything as the "other" signer) who may be called primary signer). No difference. EXCEPT that the cosigner frequently does NOT have possession or legal control of any property involved in the loan, so using it (say selling it) to pay for the loan can be much more difficult, if not impossible. So whatever the responsibility, or recourse, (legal or financial) is for whatever action or lack of action required under the loan (and frequently under law too as many times you are considered the owner of any property connected with the loan), you are subject to also.


Can you get in trouble for unpaid overdraft fees?

Definitely yes. Your credit rating will get affected and the bank can take legal action against you


Can you sue someone for not paying their mortgage?

Yes, you can sue someone for not paying their mortgage. This legal action is typically initiated by the lender or mortgage holder to recover the unpaid debt and potentially foreclose on the property.

Related Questions

Have you ever considered taking legal action against someone who has been spamming you, such as filing a lawsuit against them for spamming?

Yes, individuals have the option to take legal action against someone who has been spamming them, including filing a lawsuit for spamming.


Can a minor cosign a loan with someone other than his or her legal guardian?

If you are a minor, you cannot LEGALLY cosign or sign any loan/contractual agreement.


What legal action can be taken against someone who makes a false statement that damages a person's reputation?

Defamation laws allow individuals to take legal action against someone who makes a false statement that harms their reputation. This legal action is typically in the form of a defamation lawsuit, where the person who made the false statement can be held accountable for the damage caused.


What is the synonym of prosecution?

undertaking, execution, pursuit, accomplishment, pursuance


What should I do if someone infringes upon my registered wordmark?

Seek legal advice immediately to enforce your rights and take appropriate legal action against the infringing party.


What happens if they file legal action againist someone if they dont have car?

you must be more specific, who is filing legal action and who are they filing it against? what does this have to do with a car? my answer to your question would have be that it is not a strong case, since not having a car is not illegal.


What does it mean to take legal action?

Legal action mean to initiate legal proceeding against the person who is liable for the act due to which you have suffered.


What actions can you take if someone trespasses on your property?

If someone trespasses on your property, you can ask them to leave, call the police to report the trespassing, and potentially take legal action against the trespasser.


You refused to take advocate's legal notice Will they take action against you?

No. There is no immediate action for not taking advocates legal notice but there is every possibility legal proceedings may be initiated against you in the appropriate court of law.


What would the charge be if you tied someone up and left them in a hotel room naked for revenge?

That would be holding someone against their will and is classified as a form of kidnapping, a VERY SERIOUS charge if your victim chose to pursue legal action against you.


What does it mean to take action?

Legal action mean to initiate legal proceeding against the person who is liable for the act due to which you have suffered.


Can someone have his daughter's boyfriend put in jail after the girl turns 18?

If he can prove that they were having a sexual relationship when the girl was not of legal age, but the boy was, then yes he can try to take legal action against the boy.