Legal Question in Credit and Debt Law in North Carolina

Co-signing a loan

If we co-sign a loan where a car is held as collaterol and the person gets in a car accident, can we be held liable? The car is NOT in our name nor is the insurance.

Asked on 3/22/00, 11:03 pm

1 Answer from Attorneys

Ken Koury Kenneth P. Koury, Esq.

Re: Co-signing a loan

you would not be responsible for any accident, just payment of the loan.

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Answered on 3/28/00, 1:11 am

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