New York | Credit and Debt Law
2/16/04, 9:53 pm
Legal Question
Responsibility of co-signer for a loan
Once the borrower has defaulted on a loan for a car, the car has been picked up and sold at auction and there is a outstanding loan - what steps will the loaner take that will involve the co-signer and will the co-signer have bank accounts frozen etc, and will the loaner have to give notice to the co-signer that this is going to happen?
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