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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link="#0563C1" vlink="#954F72" style='word-wrap:break-word'><div class=WordSection1><p class=MsoNormal>Hello All,<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>I had a question for fellow practitioners to see if anyone else had encountered this or similar circumstance. The decedent had a vehicle loan with a local credit union and according to the credit union, the decedent’s death per the terms of the loan agreement is itself a default. Neither the decedent nor the estate missed payments or breached any of the other terms of the loan agreement. The credit union is stating that the loan is non-assumable and by the very fact that the decedent died, the estate cannot continue to make payments on behalf of the decedent while the estate is administered. <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>The fact that a person’s death would cause a default on a consumer type loan seems to me to be an unenforceable provision as it would be void for public policy. Garn-St. Germain Act on the federal level prevents these types of defaults with mortgages, but I’m unfamiliar with state or federal laws, which would prevent a death cause a default in a vehicle loan – Does anyone know if there are any such laws or statutes? <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>If there is no such statute – is there any case law that anyone is aware of where a loan provision whereby a person’s death in vehicle or consumer loan would cause a default would be unenforceable due to public policy or unconscionability? <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Any input or advice would be greatly appreciated.<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Thank you in advance!!<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>Kind regards, <o:p></o:p></p><p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><b><span style='font-size:12.0pt;color:purple'>Michael S. Safren, Esq.</span></b> <b><br></b><i>Attorney at Law</i> <br><br><a href="https://www.google.com/maps/search/14900+Interurban+Ave.+S.,+Ste.+280+%7C+Seattle,+WA+98168?entry=gmail&source=g" target="_blank"><span style='color:blue'>14900 Interurban Ave. S., Ste. 280 | Seattle, WA 98168</span></a> <br><a href="https://www.google.com/maps/search/11900+NE+1st+St.,+Bldg.+G+-+Ste.+300?entry=gmail&source=g" target="_blank"><span style='color:blue'>11900 NE 1st St., Bldg. G - Ste. 300</span></a> | Bellevue, WA 98005 <br>P: (206) 859-5098 | E: <a href="mailto:msafren@jennylinglaw.com" target="_blank"><span style='color:blue'>msafren@jennylinglaw.com</span></a> <br><u><a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.jennylinglaw.com%2F&data=05%7C01%7CRDavis%40PointB.com%7C09f06d8fc21343f7d50e08dabd0fae32%7C2e0d020c53684963a29544297d7fd521%7C0%7C0%7C638030172332719745%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000%7C%7C%7C&sdata=w4v8s0oIdGOmlIxoPTmmCS%2FoV%2FLKHXQ4dTdw6ghJMp0%3D&reserved=0" target="_blank"><span style='color:blue'>www.jennylinglaw.com</span></a></u> | <u><a href="https://nam04.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.facebook.com%2Fjennylinglaw%2F&data=05%7C01%7CRDavis%40PointB.com%7C09f06d8fc21343f7d50e08dabd0fae32%7C2e0d020c53684963a29544297d7fd521%7C0%7C0%7C638030172332719745%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000%7C%7C%7C&sdata=50WCIVR7ralxmVjZhjtlAAfzzEkiEb0FbhAowaMlps8%3D&reserved=0" target="_blank"><span style='color:blue'>facebook.com/jennylinglaw/</span></a></u> <o:p></o:p></p><p class=MsoNormal><span style='font-size:8.0pt'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:8.0pt'>This communication, including attachments, may contain information that is confidential and protected by the attorney/client or other privileges. It constitutes non-public information intended to be conveyed only to the designated recipient(s). If the reader or recipient of this communication is not the intended recipient, an employee or agent of the intended recipient who is responsible for delivering it to the intended recipient, or you believe that you have received this communication in error, please notify the sender immediately by return e-mail and promptly delete this e-mail, including attachments without reading or saving them in any manner. The unauthorized use, dissemination, distribution, or reproduction of this e-mail, including attachments, is prohibited and may be unlawful. Receipt by anyone other than the intended recipient(s) is not a waiver of any attorney/client or other privilege.</span><o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>