Car Title Law

missaminh · #1 Mar 19, 2007, 12:15 PM

Is it against the law in New Hampshire for a car title loan company to give a loan to 1 person whos name (Husband) is on the title w/out both signatures on the loan (tilte has husband and wifes name) Thank you for your assistance, mu husband went and did this behind my back so I just needed to know
Amy

excon · Mar 19, 2007, 12:43 PM

Hello miss:

No, it's not against the law. Either party in a marriage can make agreements on behalf of the marriage which binds the other party. His name was on the title (along with yours). He can borrow against it. He doesn't need your permission.

excon

RubyPitbull · Mar 19, 2007, 01:04 PM

The biggest problem here is that New Hampshire is notorious for being behind the times in consumer protection laws. It is one of the worst states for consumer loans with no caps on interest charged. If your husband went with one of the more "dicey" agencies, you could be paying for the car for the rest of your life.



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