What are a co-signer’s rights to property?
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What are a co-signer’s rights to property?
I bought a car and my boyfriends mothers husband co-signed on the loan. I have made all of the payments and have never been late. He is demanding that I sign off on the title. He has taken the registration and refuses to give it back to me. What is my legal recourse?
Asked on October 13, 2013 under Business Law, California
Answers:
Anne Brady / Law Office of Anne Brady
Answered 10 years ago | Contributor
Co-signing a loan is merely promising to pay a debt if the main loan recipient does not make the payments. It does not entitled the cosigner to possession of the property. You might want to retain an attorney on a limited scope basis to write a demand letter to this person, explaining the law and demanding return of the registration.
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