Hello and thank you for using Justia. The death of the holder is usually informed to the banks by third parties. There is no system of notificatión in Puerto Rico. Your son will be able to use your card as long as the Bank has not found out of the death. Your best bet is to make a Testament and...Read more »
I'd like to get a vehicle on the island and I understand the traditional methods of leasing and financing but i'm not familiar with the loan transfer process and can't find any relevant info via the web so far. I need a used vehicle but due to current circumstances, i'm unsure... Read more »
Hello and thank you for using Justia. You will not find any laws since it is ilegal to transfer an account without the lender's authorization. There are many instances that have occured where the vehicle is sold to a third party but the title and loan continue in the name that appears on the...Read more »
My sister was head of my mother's estate and knowing that account wasn't my mother's she informed the bank about my mother's death. She never listed the account in probate court and never helped get the account reopened it's been closed now for 2 years now and my... Read more »
Unless someone does something before your grandfather passes Banco Popular will win. If they have not been doing it already, Banco Popular will start service charging the account each month, draining off as much money as possible before the government of Puerto Rico requires them to turn over...Read more »
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