Legal Question in Banking Law in Texas
i have paid off my car loan but the bank is withholding my car title until i get a signature loan paid off.
Asked on 6/14/11, 8:40 am
1 Answer from Attorneys
Mark Dunn
Mark D. Dunn
You are probably going to find (if you carefully read your security agreement) that there is an "all other loans" clause. In other words, the car is collateral for all the other loans you have with that lender. Bet they didn't point that out when they made you the loan.
Answered on 6/14/11, 10:46 am
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