Legal Question in Business Law in Maryland
Car loan assumption
I am selling my car to a friend - he is just goung to take over my payments and i am going to transfer title as soon as i get the last payment from him. Where to find and what form should I use to get this done in the proper way. Thanks
Asked on 3/24/09, 11:47 am
1 Answer from Attorneys
Robert Sher
Wagshal and Sher
Re: Car loan assumption
On the back of your MD title is a place where you assign title to another person. Fill it out and sign it and give it to your friend. He then takes the title to MVA and they issue a new title in his name.
Answered on 3/24/09, 11:59 am
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