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 ?
To avoid foreclosure, owners will have to keep up future payments to the city, as well as the payments to the lienholders.
paragraph] As a result of this ruling, well-drafted agreements for deeds in lieu of foreclosure may substantially benefit lenders and senior lienholders in California.
Typically those with an insurable interest are the car's owners, lienholders and co-signers -- meaning those who would be affected financially if something happens to the car.
At the very least, the courts would have more lee way to reason through cases in which a bona fide purchaser for value or a lienholder was without actual notice of a defect in title.
Researchers found company managers sometimes have concerns that may tempt them to pad earnings--for example, improving their bonuses, appeasing shareholders or lienholders or both and attracting potential investors.
3d DCA 1987), the court held that the doctrine could be applied even when the third lienholder (now seeking to stand in the shoes of the senior lienholder) had constructive notice of the second intervening lien.
enjoyed by a blanket lienholder makes litigation over enforceability
Tax liens prevent a property's sale by the owner unless the amount of the lien has been paid to the lienholder.
As a result of Wisconsin Act 32 passed in 2011, any automotive title with a lien will be sent to the lienholder, not the borrower, as was previously the practice.
11) Ironically, however, the Eppes decision is distinguishable because it did not involve a mortgage foreclosure, but rather a liquidating receiver, and because the Eppes decision itself implied (correctly in that context) that a sale of the property might be appropriate and held only that the sale could not divest a preexisting judgment lienholder of his or her rights, at least without notice.
Primary lienholders are more willing to negotiate with a knowledgeable third party than with borrowers or even the second lienholder, she said.