The car you purchase has alien on the title until you completely pay off the car. Not only does a lien act as insurance for a lender, but a lien also allows a creditor to repossess your car if you default on your loan. A lien is a right against property or a legal claim, accordin...
Not to be outdone, attorneys have a lien for their fees and may retain clients' files—perhaps containing vital information or documents needed by the client for work or family affairs—until the fees are paid. A judgment lien can, when entered by a court after a suit, affect all the ...
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 befo...
Get your lien holder's information including account numbers, mailing address and fax and phone numbers. Contact your insurance company and ask to add a lien holder to your policy. Tell your carrier the requirements your new lien holder has for insurance company. ...