Legal Question in Credit and Debt Law in Massachusetts

Cosigners

If a cosigner of a loan pays the loan prematurely, does he have the right to sue the signer for the amount of the loan in a civil case?


Asked on 4/24/03, 10:54 am

1 Answer from Attorneys
henry lebensbaum Law Offices of Henry Lebensbaum (978-749-3606)

Re: Cosigners

I would think that you would want to make a demand, before you filed an action. Premature payment, suggests that you did not give the other person an opportunity to pay it.

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Answered on 4/24/03, 8:59 pm


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