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loan responsibility

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H

halestorm300

Junior Member
What is the name of your state (only U.S. law)? Ohio. My 84 year old father purchased a car with a 6 year loan. He has no assets. If he passes who is responsible for this loan?
 


S

seniorjudge

Senior Member
Q: If he passes who is responsible for this loan?

A: If there are any assets in his estate, they must be used to pay the loan. Or if someone gets the car, they will need to pay the loan (if the creditor is okay with it).
 
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