Legal Question in Credit and Debt Law in Texas

if i have two vehicle loans at a credit union and i pay one off can the credit union hold title of one of vehicle until the other is paid off


Asked on 4/03/10, 7:20 pm

1 Answer from Attorneys
Mark Dunn Mark D. Dunn

Maybe; it will depend on the terms of the contract. The vehicles may be "cross-collateralized." You'll want to read the note(s) and the security agreement(s); it defines what the credit union can get away with.

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Answered on 4/09/10, 8:37 am


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