outstanding bank loan if ...

• augleo

  23 Nov 05, 20:02

  any1 know if the owner of the car passed away n there is outstanding bank loan...who will bear the outstanding loan?
• Jordan

  23 Nov 05, 20:45

  The financial institution will just repo the car, that's all.
• Subbx

  23 Nov 05, 22:38

  Usually the financial institution will require whoever is authorised to manage the assets of the deceased to full settle the outstanding loan.