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 ?
Regardless of the commencement of a bankruptcy case and the resulting imposition of the automatic stay, the mechanic's lien holder should be mindful to take such additional timely actions required by state law to perfect its lien.
During meetings in June and July 2013, the second lien holders planned to restructure Aliens through a sale in bankruptcy.
The first and second lien holders, many of which are institutional investors, will become majority owners of the new Cetera, which will be a private company.
The mechanic's lien holder disputed the foreclosure, arguing that the property could not be foreclosed upon after the original borrower met its debt obligations by giving the lender the deed in lieu.
Credit unions, other lien holders scammed through bogus title activity.
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.
However, this does not guarantee that all lien holders will be paid in full.