Legal Question in Credit and Debt Law in Maryland
What can someone do as co-signer, to get their name taken off a auto loan? Is there a legal form for that request?
Asked on 7/14/10, 12:06 pm
1 Answer from Attorneys
Cedulie Laumann
Arden Law Firm, LLC
Short of paying off the loan or refinancing, you can only do this with the lender's approval. From the lender's perspective, they have little to no reason to release a co-signor from responsibility for the loan.
Answered on 7/20/10, 8:17 am