Texas  |  Insurance Law

Legal Question

Asked on: 10/07/13, 8:06 am

If my mom cosigned on a vehicle for my brother and she cancels the automatic bank draft from her account is she reliable if something happens. Her name is not on the insurance it just gets drafted from her bank account.

1 Answer

Answered on: 10/07/13, 8:25 am by Donald McLeaish

Cosigners are liable if the debtor does not pay...and name on insurance does not affect names on the debt...

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McLeaish&Associates;, P.C. 402 West Wheatland Duncanville, TX 75116

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