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WebJul 22, 2024 · A lienholder is a financial institution that holds a loan until it’s paid in full. If you have a car loan for your business’ vehicles, the lienholder is included on your car insurance policy. After the auto loan is paid, the lienholder gets removed from your policy because you or your business owns the car. WebJun 13, 2024 · Your car’s lienholder owns the loan that you used to finance your car. Most of the time the lienholder is a bank or credit union, but not always. A lienholder holds your car’s title as the legal owner while you’re paying off the loan. If you stop making payments, your car can be repossessed. dvdo wireless hdmi transmitter
What Is a Lienholder on a Car? - ValuePenguin
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