Same as the note - underage cannot commit to a contract, whether a note or pledging collateral unless special circumstances exsist such as minor being emancipated.
Last edited by Okie Banker; 03/16/12 07:13 PM. Reason: To add second para.
Co-signere can't sign (pledge) security agreement if (s)he doesn't own the collateral.
Just working here until I get my letter from Hogwarts.