Legal Question in Banking Law in South Dakota

minor responsiblities on car loans

My mom cosigned for me on a 2003 impala and both of our names are on the loan. However, she took the car and left to a different state and has not made payments on the car since I made the last one. Am I going to be responsible for the payments of the car considering I am 17 years old, or will my mom be held responsible?


Asked on 9/17/08, 1:28 pm

1 Answer from Attorneys

David Anderson Anderson Business Law LLC

Re: minor responsiblities on car loans

Need to see loan docs, but if you are under age of majority, the contract is voidable as against you.

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Answered on 9/17/08, 3:11 pm


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