Keyword Analysis & Research: lienholder

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Frequently Asked Questions

What does it mean to have a lienholder on title?

Lien is the legal word used to describe the right this person or business has to your property while the loan is active. Lienholder describes their relationship to you. The lien says there is an obligation for you to repay the lienholder. Generally, the lienholder will have their name on the car’s title document until you have paid off the loan.

Who is the lienholder on my car?

Your lienholder can be the car dealer, a bank or a private party. The entity holds a legal claim (or lien) on your vehicle until you pay off the loan made to you. The lienholder will be listed on the vehicle’s title until the loan is paid in full.

What is the noun for lienholder?

Noun. fiador. acreedor. Other translations. Be sure and list the lienholder as a secured creditor. ... These charges may commence and become part of the possessory lien when the lienholder requests the names and addresses of all persons having an interest in the vehicle from the Department of Motor Vehicles.

What is a lienholder deductible?

The lien holder (or loss payee) is an entity that has a financial interest in the vehicle. In most cases this is the bank or lending institution that has financed the loan on the vehicle. ... A deductible is the portion of the claim that the policyholder must pay before the insurance company pays. The higher the deductible, the lower the cost ...

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