Legal Question in Consumer Law in Maryland

Legal obligation

In 2003 co-signed on a vehicle with my sister her. Is there anyway that I can get my name removed. Accorinding to the car company they do not have her name on the paper work which is not true because they not only sent me a copy of what they had that had her name on it, MVA also has her name and mine on the registration. Her payments have been constantly late and is damaging my credit. Someone told me that since she has possesion of the vehicle 100% of the time that she is legally liable is that correct. I just would like my name removed.


Asked on 2/09/07, 10:34 am

1 Answer from Attorneys
Lawrence Holzman Holzman Law Firm, LLC

Re: Legal obligation

If you signed the note, whether you co-signed or signed on your own, you are liable for the full amount of the loan. That is true even if you don't have possesion of the car. It's even true if you don't have title to the car in your name at all. The point is that you agreed to be liable for the debt and now you are.

If you want to get your name off of the loan, you need to get the debt paid off completely . There are two ways; first, she could go ahead and trade-in her car and buy a new one in her own name on her own credit; or, she could re-finance the loan in her own name. If she checks on-line there are many companies that may be willing to make such a loan to refinance it into her own name.

Good luck

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Answered on 2/09/07, 10:38 am


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