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Auto Loans and Repossession Creditor actions following late payment or default on motor vehicle loans.

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Old 03-01-2009, 10:41 PM
mcrocky mcrocky is offline
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Question California Laws Regarding Repos
My question involves an auto loan or repossession in the State of: California, My Mother recently passed and had purchased a car 4 years ago. The contract has 2 years left. My question is since California is a community property state, will my Dad be held responsible for half of the remaining loan if we let the car be repo'd. I have heard that auto loans are handled differently than other credit accounts like credit cards. The payments are currently up to date. any advice would be so appreciatred, Thanks so much!
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Old 03-02-2009, 07:07 PM
OhMy OhMy is offline
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Default Re: California Laws Regarding Repos
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My question involves an auto loan or repossession in the State of: California, My Mother recently passed and had purchased a car 4 years ago. The contract has 2 years left. My question is since California is a community property state, will my Dad be held responsible for half of the remaining loan if we let the car be repo'd. I have heard that auto loans are handled differently than other credit accounts like credit cards. The payments are currently up to date. any advice would be so appreciatred, Thanks so much!
The only ones responsible for auto loans are the person or persons who signed the bank note.

If your father is not on the note, he is not responsible for the loan.
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