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.

References in periodicals archive ?
Contractor Must Accurately And Completely Identify All Lien Holders And Recent Grantees Having A Valid Interest In The Identified Property.
paragraph] A deed in lieu has historically been thought by lenders to increase the risk of affecting their ability to "wipe out" junior lien holders through the normal process of foreclosure.
First lien holders who agree to backstop the purchase will be paid a commitment fee.
Therefore, the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt.
The greatest potential for fraud is that time period when a DMV conducts its internal processes involving lien holders, said Glenn Thames, president/CEO of Decision Dynamics, one of handful of national ELT providers.
Under state law, lien holders are owed interest of 16 percent a year, an attractive rate, on unpaid taxes.
Other lien holders with an interest in the include: BancFirst of Oklahoma City, $9.
Those were not contested purchases but rather situations where legal hitches such as deceased property owners or non-responsive lien holders were preventing the city from gaining clear titles.
Morgan Chase, Administrative Agent for the First Lien Holders, (e) GSP Finance LLC, Administrative Agent for the Second Lien Holders ((c)-- (e), collectively, the "Lenders"), (f) the Official Committee of Unsecured Creditors and (g) William Snyder, in his capacity as Chief Restructuring Officer of Rangers Equity Holdings, L.
The banks want to cut the commission for the realtor, they're cutting the fees due to the associations, and the first lien holders are practically cutting the second lien holders to nothing.
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.
Instead, the court has reiterated that the application of this standard is qualified only by the caveats that it is unavailable to volunteers (3) and should be applied only to the extent that no prejudice to the rights of intervening lien holders results.