0
What else can I help you with?
Can the co-owner of a vehicle repossess it from the other co-owner who has always had possession of the vehicle without the permission of the lender and the payments are up to date?
A Co-Owner has all the same rights to the vehicile as the owner, who by the way is also a co-owner. See Co-Owned..
How do you receive a vehicle title that still has a lien?
You can't. If a vehicle has a lien on it the lien holder is the owner of record of the vehicle.
Who gets insurance money on a total loss policy holder or vehicle owner?
Lien holder is paid first, any balance goes to registered owner.
Who gets the claim money car owner or policy holder?
The car owner and the policy holder better be the same person. If not nobody will be able to get the money. You cannot insure a vehicle that you do not own. If you do the insurance company cannot pay the policy holder because they don't own the vehicle. They can't pay the vehicle owner because they don't have a contract of insurance with the insurance company.
What is a vehicle title?
A legal paper stating ownership of a vehicle - shows: owner's name lien holder (if any) Vehicle description Vehicle Identification No.
Is it legal for an insurance company to let you get liability insurance on a vehicle that has a lien holder on it?
Certainly, liability insurance has nothing to do with who owns the vehicle. It deals with protecting the owner of the vehicle if sued as a result of an accident. Collision and theft protect the owner of the vehicle from loss.
What rights does a car co-owner have in Alabama?
Each co-owner has the right to the use and possession of the vehicle.
If someone was given an auto and title with no contract but cannot make agreed payments what are the rights of the title holder or the previous owner?
It would be the previous owner's loss.
What is the difference between a car's Legal Owner and Registered Owner?
A registered owner is the person who has purchased or is purchasing the vehicle for their own use, while the legal owner would be a lien holder like a bank or other financial institution that actually owns the vehicle until it is paid off.
What does open title mean?
When the owner of a car signs the title, it becomes and open title, and the holder of the title is the owner of the car. When selling a vehicle, the owner should not sign the title until they have the money because if the buyer has possession of the open title and the vehicle, they can clam ownership.
Can previous owners of a vehicle take car back?
Not usually, once you are the owner of a vehicle and the previous owners name is not on the title, they will usually have rights to that vehicle.
What is a stock holder?
A holder or owner of stock in a company or corporation.
