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Is bank loan an asset?
A bank loan is an asset for the bank as bank receives interest and principle payments from borrower.
Are a primary borrower and a secondary borrower on a car loan equally responsible for the loan?
Yes, the cosigner/co-borrower has the same legal responsibility to repay the debt/loan as does the primary borrower. If the primary defaults the creditor can attempt to collect from the co-borrower before the primary borrower.
What are borrower?
Borrower is a person who borrow something. It is a common defination.
Who gets garnished for student loan The borrower or the cosigner?
the borrower
What happens when a borrower pays of a pawnshop loan?
A personal item is returned to the borrower
Is bank loan an asset?
A bank loan is an asset for the bank as bank receives interest and principle payments from borrower.
Can a mortgage borrower apply for court foreclosure?
No. A borrower cannot "apply" for foreclosure. A bank commences a foreclosure when the borrower defaults on their mortgage payments.No. A borrower cannot "apply" for foreclosure. A bank commences a foreclosure when the borrower defaults on their mortgage payments.No. A borrower cannot "apply" for foreclosure. A bank commences a foreclosure when the borrower defaults on their mortgage payments.No. A borrower cannot "apply" for foreclosure. A bank commences a foreclosure when the borrower defaults on their mortgage payments.
Are a primary borrower and a secondary borrower on a car loan equally responsible for the loan?
Yes, the cosigner/co-borrower has the same legal responsibility to repay the debt/loan as does the primary borrower. If the primary defaults the creditor can attempt to collect from the co-borrower before the primary borrower.
What are borrower?
Borrower is a person who borrow something. It is a common defination.
Can a co borrower sell car without borrower consent?
no
Who gets garnished for student loan The borrower or the cosigner?
the borrower
Who is held responsible for the loan on a repossessed vehicle?
The borrower. If there was a co-signer, that person is also fully responsible for paying the loan if the primary borrower defaults.The borrower. If there was a co-signer, that person is also fully responsible for paying the loan if the primary borrower defaults.The borrower. If there was a co-signer, that person is also fully responsible for paying the loan if the primary borrower defaults.The borrower. If there was a co-signer, that person is also fully responsible for paying the loan if the primary borrower defaults.
What is ordinary time in simple interest?
Any time that the borrower and lender agree to.Any time that the borrower and lender agree to.Any time that the borrower and lender agree to.Any time that the borrower and lender agree to.
When was The Borrower created?
The Borrowers was created in 1952.
What is the borrower failed to pay is co borrower liable for it?
Yes. Completely.
What happens when a borrower pays of a pawnshop loan?
A personal item is returned to the borrower
If lender mistakenly signs over auto title to borrower and borrower sales title who is libel?
A borrower should not have a title in their possession that they have borrowed money against. This belongs with the lender. Should the borrower sell the car, they would be libel.
