Legal Question in Traffic Law in California
auto regstration
car reg to person a as cosigner on loan and
b as owner and 1st on loan is a liable for traffic accidents or suits involving damage done by b while operating the auto?
Asked on 4/15/06, 12:33 pm
1 Answer from Attorneys
Jonathan Stein
Law Offices of Jonathan G. Stein
Re: auto regstration
This came up last week or the week before. If you are only a cosignor on a loan, you do not have liability if the owner is involved in an accident. However, if you are listed as a registered owner or legal owner, you WILL be responsible if the vehicle is involved in an accident up to the state limits. You should make sure there is insurance on the car. You can read more about this at my blog, www.calpiblog.com
Answered on 4/19/06, 10:33 pm
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