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Question
I PURCHASED A CAR FOR MY HUSBANDS EX-WIFE (FOR THE SAFETY OF THE KIDS) ANYWAY I WAS ON THE TITLE AS LIENHOLDER BUT WAS ADVISED THAT I COULD BE HELD RESPONSIBLE IF SHE(THE REGISTERED OWNER) HAD AN ACCIDENT.. I HAVE SINCE REMOVED MY NAME FROM TITLE BUT IS THIS TRUE?
Hi Stefanie,
You were in the same position as the bank that finances a car and takes a security interest. They are merely the legal owner. I have never heard of the bank being held responsible for the negligence of the registered owner. So if someone told you that, please ask for their authority and send it along to me.
In all states I know of, the bank is just the legal owner, i.e. the lienholder, and as such, they are never held to account for the actions of the registered owner. Same thing for you,
Best wishes,
Dr. Settlement, J.D. (Juris Doctor)
www.SettlementCentral.Com
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Answers by Expert:
Doctor Settlement
Expertise
27 years of front line plaintiff`s trial lawyer experience in PERSONAL INJURY INSURANCE CLAIMS. Along with other attorneys and insurance adjusters, we have created a website to help injured people settle their own personal injury claims. With the help from feedback from hundreds of satisfied members, www.settlementcentral.com has become THE AUTHORITY for Internet personal injury insurance claim settlements. I am humbled and honored if people can benefit from my experience and current volunteer work in helping injured people. I hope I can explain things in a manner that is useful for the questioner. If not, do not hesitate to e-mail me and I will take a second shot at it! Best Wishes for your physical and financial recovery.
Experience
Life Experience: 27 years of front line plaintiff's trial lawyer experience
Organizations:
American Trial Lawyers Association
Washington State Trial Lawyers Association
Publications: (Click on Title to Read)
Statute of Limitations
Vehicle Accident
Accident--Adjuster
Demand Letters
Policy Limits
Education/Credentials: J.D. (Juris Doctor) 1977
Awards and Honors:
I am humbled and honored everytime I am selected to help injured people. And when people give feedback that they have benefited from my experience and current volunteer efforts, then that is a double honor and award for me.
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