Legal Question in Banking Law in Georgia

Car loan with a co-signer

If you have a car loan with a co-signer and your name is on the top and the only name on the title, can that co-signer remove their name from the loan and force you to give up the car? Or even take the car from you in any way?


Asked on 3/06/04, 12:11 am

1 Answer from Attorneys
Wayne Wisong Wayne Wisong, Attorney at Law

Re: Car loan with a co-signer

Ah, no. Not by virtue of merely being a co-signer on a note, anyway. If the note is in default for non-payment, it is possible, depending on what was signed, that the co-signer could have a right to take the vehicle. It also could make a difference if the person whose name is on the title is a minor and the co-signer is a parent. In that case, the parent would have the authority to refuse to allow use of the vehicle, but would not actually own it.

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Answered on 3/08/04, 4:09 pm


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