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2. Collateral protection insurance - Wikipedia

   en.wikipedia.org/wiki/Collateral_protection...

   Collateral Protection Insurance, or CPI, insures property held as collateral for loans made by lending institutions. CPI, also known as force-placed insurance and lender placed insurance, [1] may be classified as single-interest insurance if it protects the interest of the lender, a single party, or as dual-interest insurance coverage if it protects the interest of both the lender and the ...

3. What is collateral insurance and how does it work?

   www.aol.com/finance/collateral-insurance-does...

   Collateral protection insurance (CPI) is a lender-chosen safeguard when borrowers lack full coverage car insurance. ... Avoiding unwarranted CPI charges requires active communication and promptly ...

4. Collateral (finance) - Wikipedia

   en.wikipedia.org/wiki/Collateral_(finance)

   In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan. [1] [2] The collateral serves as a lender's protection against a borrower's default and so can be used to offset the loan if the borrower fails to pay the principal and interest satisfactorily under the terms of the lending ...

5. What is a mortgagee clause? - AOL

   www.aol.com/finance/mortgagee-clause-190100413.html

   A mortgage loan has two parts: The promissory note.This is the financing instrument that acts as evidence of the debt. It’s a written promise or agreement to repay the debt in installments with ...

6. What is a mortgage? A definitive guide for aspiring homeowners

   www.aol.com/finance/mortgage-definitive-guide...

   Mortgages are also secured loans, meaning that they are backed by collateral — in this case, your home. This means that, if you fail to pay your mortgage, your home can enter into foreclosure ...

7. Security interest - Wikipedia

   en.wikipedia.org/wiki/Security_interest

   In finance, a security interest is a legal right granted by a debtor to a creditor over the debtor's property (usually referred to as the collateral [1]) which enables the creditor to have recourse to the property if the debtor defaults in making payment or otherwise performing the secured obligations. [2]

8. Secured loan - Wikipedia

   en.wikipedia.org/wiki/Secured_loan

   A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral, and if the borrower defaults , the creditor takes possession of the asset used as collateral and may ...

9. What is business collateral?

   www.aol.com/finance/business-collateral...

   Generally, the larger the SBA loan, the more likely it will require collateral. The SBA only requires that standard 7(a) loans, for example, get backed by collateral if the loan amount exceeds ...