Co-Signer's notification rights

[kDione]

my father co-signed for my brother and he defaulted. Not once was my father sent any notice or was ever called. He talked to the lady at the bank, she said she had no home number and no address for him, however the jeep was repossesed at my father's address. The next day he got the jeep back. What are his rights as a consumer to be notified of any contract defaults?

 

[I AM ALWAYS LIABLE]

My response:

In most States, all rights in this regard are "contractual". If notification is part of the contract, then the bank must notify the co-signer prior to taking any actions. If not, then your Dad is not entitled to any prior notice.

But, since you didn't read the directions for this Board and not telling us your State name, the above is only a generalized legal concept.

IAAL

[Edited by I AM ALWAYS LIABLE on 03-21-2001 at 10:41 PM]

 

[kDione]

Hey thanks for the advice, that is what I thought. You cracked me up when you wrote that I didn't follow directions. OOOOPS!!! I wrote my state in my member profile and thought for some reason that is only where it was neeeded. But hey, thanks for letting me know....
My state is Illinois just incase that changes things...