Lienholder

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Lienholder

The lender on a loan with collateral. When one has placed collateral on a loan, the lienholder has the right to take possession of the collateral in the event of default. One cannot sell the collateral until the loan is repaid.

Lienholder.

A lienholder is the bank, finance company, credit union, other financial institution, or individual with whom you signed an agreement to borrow money using a particular asset, such as a car, as collateral.

As long as there is a balance due on the loan, the lienholder must be repaid before you are free to sell the asset.

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References in periodicals archive ?
Mechanics lien holders file against property owners of a project as protection against not getting paid by a general contractor or subcontractor.
Protecting lien rights when the customer goes bankrupt
The second lien holders included entities with names such as 1903 Onshore Funding LLC, Cortland Capital Market Services LLC and Sankaty Credit Opportunities IV LP.
Trustee charges collusion in Allens' case: did creditors conspire in bankruptcy of one of largest companies?
The court granted judgment in favor of the mechanic's lien holder, and the lender appealed.
Proceed with caution
The perpetrators will go to a financial institution's website, take a picture of its logo, get a person's vehicle identification number and send a no-interest letter to the car owner, indicating there is no longer a lien interest from the lien holder.
Digital title fraud fight
Senchuk concluded that "[i]t is axiomatic that the position of a lien holder has no meaning unless and until a foreclosure action is initiated.
Whose shoes to use: achieving a subrogation footing in the wave of foreclosures
because second lien holders frequently receive a fraction of the total amount owed to them from a short-sale transaction, some are beginning to demand a payment from the seller, buyer or agent in an attempt to recoup losses in exchange for releasing their claim.
Second hand outs: a new form of short sale fraud is emerging: second lien holders demanding kickbacks
To the extent that the borrower's assets are sufficient to support both the first lien lender and the second lien holder's debt, the second lien holder obtains a position in the event of bankruptcy that is superior to unsecured creditors, including trade creditors, and that is usually behind only the first lien lender's first lien on the borrower's assets.
Reducing battles between first and second lien holders through intercreditor agreements: the role of the new ABA model intercreditor agreement task force
To make matters worse, many states' ethical opinions and rules of professional conduct can now be read to impose a duty to hold disputed funds (such as lien amounts) in the attorney's trust account and even to notify the ERISA lien holder of settlement.
Beware the ERISA health plan lien: you've negotiated a good settlement for your client. But now the client's health plan wants to be reimbursed for the medical benefits it paid. Can the plan's lien be defeated--or negotiated down?
A A potential lien holder must provide notice to the property owner (and to the general contractor, if the potential lien holder is a subcontractor) of the right to claim a lien.
Don't resort to squeezing blood out of a turnip: materialmen's liens follow when contractors don't get paid
The lease gives the business until April to buy the elevator from the lien holder, Citizens Bank of Kansas.
Struggling Kansas local co-op dissolves
The largest lien holder is Lane County, which is owed about $78,000 for building permit violation fines, court expenses, security expenses and the cost of an environmental assessment to determine the extent of pollution on the site, said Jeff Towery, the county land management manager.
Mobile home park owner rolls up sleeves
an individual, rather than a bank or financial institution, is named as lien holder.
Appendix C--indicators of vehicle theft fraud

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