Legal Question in Credit and Debt Law in Illinois

Can a person sell or trade in a truck if the cosigner on the truck has not signed the title?


Asked on 7/13/10, 2:17 pm

1 Answer from Attorneys
David Labovitz Labovitz Law Firm, P.A.

A cosignor is not necessarily a co-owner. They are just co-liable under the loan. If they are not co-owners, then yes, the owner can sell or trade without the cosignor's signature.

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Answered on 7/13/10, 6:17 pm


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