Twitter Google Share on Facebook Lienholder (redirected fromLien Holder) Dictionary Lienholder Thelenderon aloanwithcollateral. When one has placed collateral on a loan, the lienholder has the right to take possession of the collateral in the event ofdefault. One cannotsellthe collateral until the...
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. What is a lienholder protection? An accident or claim could impact the lessee from both an insurance premium and a liability standpoint...
If your lender is listed on the insurance policy, thecheckoften will be made out to both you and the lender for repairs. The check is sent to you to sign, then you send it to the lender, who endorses it and mails it back to you. Before signing off, the lender may want you to ...
Learn moreThis media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation. 39:13-8. Damage repairs reimbursable under insurance policy by negotiable instrument payable to insured and lienholder or lessor; statement...