Legal Question in Administrative Law in Utah
title posession
Is it illegal to get a loan out on a title of a vehicle if the title states that you are the sole owner of the vehicle but the title had a error on it and there was supposed to be a lein holder on it?
Asked on 10/15/07, 11:17 am
1 Answer from Attorneys
Alvin Lundgren
Alvin R. Lundgren, L.C.
Re: title posession
Since you know that a creditor claims an interest in the vehicle, you are putting yourself at risk for a lawsuit if you take out another loan against the title.
Answered on 10/15/07, 1:50 pm
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