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What is a person who has a security interest in collateral owned by the debtor buyer?
A person who has a security interest in collateral owned by the debtor buyer is known as a secured party. This individual or entity holds a legal claim or lien on the collateral to ensure repayment of a debt or obligation. If the debtor defaults, the secured party has the right to seize or sell the collateral to satisfy the debt. This arrangement is typically formalized through a security agreement.
What else can I help you with?
What happened to the female lead in Person Of Interest?
On the show Person of Interest, the female lead was killed, why
Where could a person find the interest rates for certificates of deposit?
A person could the interest rates for certificates of deposit by using an interest rate calculator where the amount of the deposit is entered into an equation and the end result will be how much interest will be earned for the term you want.
Who is the security guy on Pawn Stars?
Antione is the main security person seen on "Pawn Stars".
What are the ratings and certificates for Person of Interest - 2011 Firewall 1-23?
Person of Interest - 2011 Firewall 1-23 is rated/received certificates of: Netherlands:12
What are the ratings and certificates for Person of Interest - 2011 Foe 1-8?
Person of Interest - 2011 Foe 1-8 is rated/received certificates of: Netherlands:12
I hold the security interest on a vehicle. How can I repossess this vehicle?
YOU NEED TO DEFINE YOUR SECURITY INTEREST, MEANING THE COLLATERAL IS OR WAS A PART OF COMMUNITY PROPERTY. IS YOUR NAME LISTED ON THE TITLE ALONG WITH ANOTHER PERSON OR ARE YOU LISTED AS A SECURE LIEM HOLDER?
Can a person with a life estate use the property a collateral for a loan without the permission of the remainderman?
Yes, they can use their interest in the property as collateral. But remember that is a limited interest and must be disclosed to the lender.
How do you record a personal loan from one person to another without collateral showing interest payments?
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How do you file ppsa?
To file a Personal Property Security Act (PPSA) registration, you typically need to complete a PPSA registration form detailing the debtor, secured party, and the collateral involved. This form is submitted to the appropriate government office, often the provincial or territorial registry, either online or in person, depending on local regulations. You may also need to pay a filing fee. It's essential to ensure all information is accurate to prevent issues with the security interest.
How do you obtain a secured loan?
The person who is loaning the loan has to give collateral in exchange for it with lowest interest rates. Also to get one you have to present proof of your monthly income, and a valuable you can use as collateral.
What does a UCC 11 do?
A UCC-11 is a financing statement filed to conduct a search to determine the existence of any prior security interests in personal property. It is typically used in commercial transactions to verify the priority of a security interest in collateral. By conducting a UCC-11 search, a party can ensure that there are no existing security interests that may take precedence over their own interest in the collateral.
Can a credit card company put a lien on jointly owned property when only one person is the named debtor in California?
yes. as long as the debtor holds interest in the property at the time.
When a person dies intestate who files for probate?
Any one with an interest in the estate. Even a debtor can file to have an estate opened.
Can a person without social security number file for bankruptcy without being deported?
Yes, but if the debtor ever used a phony social security, some districts will NOT allow the person to file a bankruptcy.
What do you call a person who lends money and keeps goods as security?
Pawnbrokernoun: A person who lends money at interest on the security of an article pawned.
Is a repo agency accountable to the The Fair Debt Collection Practices Act FDCPA?
With each presented law (legislation) there is "intent". The "intent" of the FDCPA was to ""to prevent the 'suffering and anguish' which occur when a debt collector attempts to collect money which the debtor, through no fault of his own, does not have.""harassing attempts to collect money which the debtor does not have due to misfortune," is not implicated in the situation of a repossession agency that enforces a "present right" to a security interest because in the latter context, "an enforcer of a security interest with a 'present right' to a piece of secured property attempts to retrieve something which another person possesses but which the holder of the security interest still owns.""Unlike the debtor who lacks the money sought, the possessor of secured property still has control of the property. Any failure to return the property to the rightful owner occurs not through misfortune but through a deliberate decision by the present possessor to avoid returning the property.""The legislative history confirms that Congress intended an enforcer of a security interest, such as a repossession agency, to fall outside the ambit of the FDCPA"
Difference between pari passu and hypothecation?
Hypothecation is a kind of non-possessory security interest created normally in favour of a lender for securing the obligation of the person who has availed any financial assistance from the Bank. If the borrower creates security interest on the same set of property in favour of more lenders, the security interest of the lenders shall rank according to the chronological order in which it is created, unless the lenders otherwise agree. If the value of the security is sufficient to cover all obligations of the borrower to many lenders, the lenders may agree inter-se (usually at the request of the Borrower) that the security interest of all the lenders shall have the same ranking or priority. Then such security is called pari passu ranking security interest.
