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Asked in UT May 26, 2022 ,  0 answers Visitors: 4

title posession

Is it illegal to get a loan out on a title of a vehicle if the title states that you are the sole owner of the vehicle but the title had a error on it and there was supposed to be a lein holder on it?

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1 Answers

Anonymous
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Posted on / Oct. 15, 2007 13:50:00

Re: title posession

Since you know that a creditor claims an interest in the vehicle, you are putting yourself at risk for a lawsuit if you take out another loan against the title.

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