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Do the bank have to insure the Finance equipment which the bank agree to finance?
Wiki User
∙ 11y ago
No. Insurance is the responsibility of the equipment operator. The bank my require the individual to prove they have insurance on the equipment.
Wiki User
∙ 11y ago
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Need to get your ex-spouse off the mortgage but you are not approved to re-finance?
The lender must agree, and is unlikely to agree if you cannot refinance.
Do you have to agree before a company can charge you a finance charge?
You agreed to such action(s) when you signed the contract for the services or items.
How could one get CCJ loans from Oceans Finance?
There are a couple of loan terms one must agree with before one could apply for a CCJ loan from Ocean Finance (not Oceans). But that is about it. One could check all the terms online at 'OceanFinance'.
Can your car get repo for no car insurance?
Yes, Almost every Auto finance note contains language that requires you to maintain "Full Coverage" Auto Insurance for the term of your finance note. It just part of the contract you agree and sign when you financed the car. This is to protect the finance company from a loss of the vehicle. Remember the finance company still owns the vehicle until you pay it off. Failure to comply with the insurance requirements of the finance note you signed constitutes a default on your loan subjecting the borrower and the vehicle to whatever remedies are at the finance companies disposal, including repossession. If you act quickly, Are not behind on your car payments, Get your full coverage insurance in place and pay the towing fees, Call the company and be nice with them and assure them that you understand your obligations with apologies for any oversight, Most finance companies will let you take the vehicle back and continue paying your note.
How can I get finance against my health insurance?
Bharat claims provide you the immediate finance against your health insurance so that you may not run out of money for your treatment. You can download the Bharat claim app and get immediate finance against your health insurance without any interest.
How each of the functions departments are dependent on each other work together?
· Sales and Production: Sales must know production schedules and agree delivery dates of orders with Production so customers are not promised dates which cannot be met.Production must tell Sales about production problems which will affect customers.· Sales and Finance: Finance must know about customer enquiries to check their credit rating before sales are made. Finance will be involved when discounts are agreed or when there are problems with customer payments.· Distribution and Finance: Finance must know when goods have been dispatched so that invoices can be sent out.· Finance and all other departments: Finance monitors departmental spending and the achievement of financial targets.· Human Resources and Finance: Will liaise over salary increases and bonuses.Customer Service, sales and marketing: Customer Service must pass on customer feedback that could affect future product developments or future sales.· Distribution and Sales: Sales must be able to inform customers when deliveries are due and be aware of any problems.· Sales and Marketing: Must liaise over sales promotions and adverts so that sales staff can expect/handle enquiries.
Can a car only get repossessed for no insurance?
Absolutely. When you purchase and finance a vehicle you sign a legally binding contract. Perhaps you should read what you sign. The contract states that you agree to carry insurance that includes comprehensive and collision with a maximum deductible of usually $500. If you let your insurance cancel then you have broken the contract and therefore the finance company can reposses the vehicle.
What did mr jaggers agree to concerning to Pip?
Pip would room with Herbert at the Barnard Inn...
Can finance company repossess car for no insurance?
Absolutely. The finance agreement that you sign when you purchase a vehicle states that you agree to carry full coverage on the vehicle and to list them as the leinholder. By them being listed as leinholder they get notified of any cancellations, late notices, and renewals on the policy. It also gives them some special rights such as a 20 day notice before cancellation instead of 10 days. You pay for the extra 10 days notice. The finance agreement also states the maximum deductible that you can have on the policy. Remember that the finance agreement is a legal contract. if you break any part of the legal contract they have the right to repossess the collateral (the vehicle). The agreement also states that you are responsible for a repossession fee in order to get the car back. There is probably storage fees involved as well.
What is the difference between syndication of loan and consortium finance?
syndication of loan is arranged by a lead arrangers and it is on common terms which is finalised between borrower and arranger where as in consortium loan borrower has to arrange the finance himself from different bank this finance on different term and at different pricing Loan Syndication and Consortium finance is resorted to when a client needs a huge loan which a single Bank either cannot provide or cannot take risk to provide. In Loan Syndication, a large bank approaches the client, fixes up the terms and conditions, interest rates etc. Thereafter, he approaches other Banks for "selling" of this loan. The other banks ,if agree, "purchase" a part of the loan on the same or different terms and conditions. In Loan Syndication, the client deals with one Bank only. In Consortium Finance, a Large Bank approaches the client, collects the information about amount of loan, terms and conditions and then calls a meeting of other Banks. Those who agree to lend the money approach the client and the client fixes up the loan with each of them separately. The follow-up and other jobs is done by the Leading Bank of the consortium which is mutually decided by the participating Banks.(Need not be the highest lender).
Can you finance land with a clause saying it has to be sold back to the original owner at original cost if something was to happen and you couldn't pay?
You can put whatever clause you want in contract. Good luck getting the seller to agree to it. It's probably not in his interest. He wants to own the profits from selling it free and clear. If he's desperate for a buyer, he might agree.
What if you are a cosigner on the car but the title and registration is not in your name but you made payments What rights do you have to the car Can you have your name taken off?
You have very few rights. You agreed to pay for a car that is not yours. Your name can only come off the contract IF the finance company agrees, and they have no reason to agree.
