Legal Question in Banking Law in California
My son pays his car insurance six months at a time and after six months his insurance did not send him a renewal statement, so his insurance lapsed. My question is it legal for the credit union that holds his car loan to get insurance for him without any notification? He renewed his insurance as soon as he found out that it had lapsed. I would appreciate it if you could answer my question.
Asked on 4/08/11, 4:41 pm
1 Answer from Attorneys
They are entitled to insure their interest in the vehicle at any time he does not provide valid insurance.
Answered on 4/08/11, 4:48 pm
Related Questions & Answers
-
Would it not be advised for a person to do a short sale after filing a chapter 13? Asked 3/25/11, 4:44 am in United States California 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.
