Legal Question in Credit and Debt Law in Massachusetts
What is the obligation of a co-signer of a car loan when the primary borrower dies and the surviving spouse registers the car in her name? Vehicle, borrower, co-signer and lender are all in Massachusetts.
Asked on 2/09/11, 4:39 am
1 Answer from Attorneys
Steven Striffler
Steven R. Striffler Attorney At Law
It depends on how the vehicle is titled. The co-signer is still liable for the loan payments unless there was insurance in place to cover the outstanding loan. Feel free to contact me.
Answered on 2/09/11, 10:45 am