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Car Title As Husband Or Wife-Should Each Sign?

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Question: 
If a car is titled as husband or wife, does each person need to sign on the loan or can husband do individual loan and use vehicle as collateral?
Answer: 

How collateral is titled and how the bank obtains a security interest in the collateral is a State law issue and is totally separate from who gets a loan and who signs a note.

Who gets a loan and who signs a note is based on who applied for credit.

First published on 01/05/2015

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