Legal Question in Banking Law in Arkansas
Individual loan on Joint property
If Husband and Wife own a vehicle and the title lists the owners as Husband AND Wife, is it legal for a bank to loan Husband money using this vehicle as collateral, without the knowledge or consent of Wife?
Asked on 9/19/05, 7:22 pm
1 Answer from Attorneys
David Anderson
Anderson Business Law LLC
Re: Individual loan on Joint property
I would need to see the loan documents, but generally, the bank would want both to sign off on it.
Answered on 9/19/05, 8:19 pm
Related Questions & Answers
-
Forgery My husband forged my name on a savings withdrawl slip at a bank that his... Asked 8/12/05, 5:46 pm in United States Arkansas Banking Law
-
Mobile Home Lien Perfection What is necessary to perfect a security interest in a... Asked 6/14/04, 4:02 pm in United States Arkansas Banking Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
