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What happens if you co-sign a car loan and the primary borrower passes away?
If you co-sign a car loan and the primary borrower passes away, you may become responsible for repaying the loan. It is important to carefully consider the risks before agreeing to co-sign a loan.
What happens if the loan borrower dies then the guarantor passes away shortly after?
borrower dies then it is not suitable that amount recovered from gaunter because of person taking guaranty of live person nor death
What is the timeframe for repayment of a reverse mortgage?
The timeframe for repayment of a reverse mortgage is typically when the borrower moves out of the home, sells the home, or passes away.
What is the importance of credit life insurance on auto loans?
Credit life insurance on auto loans is important because it helps protect the borrower's family from financial burden in case the borrower passes away before the loan is fully repaid. This insurance ensures that the loan balance is paid off, relieving the family from the responsibility of the debt.
What is the importance of credit life insurance for car loans?
Credit life insurance for car loans is important because it helps protect the borrower's family from financial burden in case the borrower passes away before the loan is fully repaid. This insurance ensures that the loan is paid off, preventing the family from inheriting the debt and potentially losing the car.
What happens to federal parent plus loans when the parent dies?
Typically there are only a few ways federal loans can be written off or dismissed. Death or being permanently disabled are a couple of them. If a parent dies, the PLUS loan in their name will be dismissed. No one will need to make payments on it any longer. If his has happened, be sure to notify the lender for the loan what has happened. They will likely ask for documentation of the death.
What happens if a co signer on a car loan passes away?
The surviving borrower is solely responsible for paying the loan.The surviving borrower is solely responsible for paying the loan.The surviving borrower is solely responsible for paying the loan.The surviving borrower is solely responsible for paying the loan.
What do kids do if parent passes out?
call 911
Something that passes to the children when the parent dies is?
Inheritance.
Which parent passes the trait for alcoholism?
Alcoholism is not inheritable.
What is the Traits or features that a parent passes to a child are called?
Alleles
What is the nucleic acid that is passes over from parent to offspring?
DNA
Is it true that sexual reproduction passes information from a single parent to one offspring?
No. Sexual reproduction passes on a random half of one parent's genetic information and a random half of the other parent's genetic information. This is achieved through meiosis. You are 50% your mom and 50% your dad by genes.
When the custodial parent passes away and the non custodial parent becomes the custodial parent does the minor child have a say where he wants to live?
The most likely scenario is that the children will live with the other parent as long as that parent was not deemed unfit while the custodial parent was alive. If that parent was denied custody for cause the courts may consider another gaurdian should the non custodial parent still be considered unsuitable.
In Wis can next of kin be held responsible for any or all debts after a parent passes away?
No , that only applies to any debt cosigned for or if you were married to the party that has passed away.
Type of nucleic acid that passes from parent to offspring and directs all the cells functions?
DNA is the type of nucleic acid that passes from parent to offspring and directs all the cells' functions. It contains the genetic information that determines an organism's traits and characteristics.
What is the principle that each parent passes only one allele for a trait its offspring?
Segregation
