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Most often they will have a booklet to tell them the value of specific cars with the year and mileage so that they can get a value without having to rely on viewing it. You will have to supply them the correct details of course and if give them false information this is grounds to refuse auto insurance payoutswhich is something to avoid so be thorough when you fill out the auto insurance policy form to make sure that all details are correct.
Wiki User
∙ 13y ago
Yes, it is common practice for a car loaner to appraise the car before lending to determine its value and condition. This helps the loaner assess the loan amount and interest rate, as well as reduce the risk of lending money against an overvalued or risky asset.
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How far in dafault must a person be before vehicle repossesion?
It depends on the contract and how severe the lending institution wants to be.
Must you receive court papers before your car is repossessed?
It depends on the state, but usually it is only required that the lending institution have the papers. In general, you already know when the loan is in default.
How do you reduce npa?
As per the RBI guidelines related to KYC(Know Your Customer), before lending funds the banker must know the background of customer and must ensure the reimbursement capacity of customer. This would highly reduce the NPA.
How long must a completed Truth in Lending form disclosure statement be kept on file?
2 years
Can a certified residential appraiser appraise commercial vacant land?
No. A certified residential appraiser can contribute to the appraisal but it must be under the supervision of a certified general appraiser.
What is the truth in lending act?
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Who has the best cover for car breakdowns?
The best coverage for car breakdowns can only be determined by considering your preferences. Many auto insurance companies offer low deductibles, loaner vehicles while your car is being repaired, towing services and scheduled maintenance options to prevent breakdowns. All of these factors must be considered before deciding which coverage plan is best for you.
What is priority sector lending in banks?
Some areas or fields in a country depending on its economic condition or government interest are prioritized and are called priority sectors i.e industry, agriculture. these may further be sub divided. Banks are directed by the state bank of the country that loans must be given on reduced interest rates with discounts to promote these fields. Such lending is called priority sector lending
What is Priority sector lending?
Some areas or fields in a country depending on its economic condition or government interest are prioritized and are called priority sectors i.e industry, agriculture. these may further be sub divided. Banks are directed by the state bank of the country that loans must be given on reduced interest rates with discounts to promote these fields. Such lending is called priority sector lending .
What is it you must give before you can keep it?
you must give money before you can get money
What is what you must give before you can keep it?
you must give money before you can get money
What must people have before you have surgery?
People must have anaesthetics before surgery.
