Car Loan Co-Signer Death Effect

[gort855]

My friend's father was co-signer on a car loan (also I believe co-owner on the title if that matters). The other person had/has the car and made payments for a while but then stopped and loan went to collections. My friend's father had been contacted by the collections agency, but about that time he became ill and died. Does his estate retain liability for the loan, or does his death cause all liability to pass to only the other party?

 

[mightymoose]

The other party is still responsible.

 

[army judge]

The co-signer's death terminates his liability as a signatory to the loan.


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