Legal Question in Civil Litigation in Illinois

co sign

I co signed a loan for a car for my grandson. He is 21. I am NOT on the title. If he is involved in an accident and has no insurance, can i be held responsible for anything?


Asked on 12/04/07, 8:28 am

2 Answers from Attorneys

Re: co sign

Just for the loan.

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Answered on 12/04/07, 8:31 am
Nima Taradji Taradji Law Offices

Re: co sign

You will only be responsible for continued payment of the loan--if your grandson does not pay it or cannot pay it.

Taradji Law Offices

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Answered on 12/04/07, 10:19 am


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