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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 ...
Collateral protection insurance (CPI) is a lender-chosen safeguard when borrowers lack full coverage car insurance. CPI coverage typically focuses on physical damage, including collision and ...
Collateral is legally watertight, valuable liquid property [4] that is pledged by the recipient as security on the value of the loan. The main reason of taking collateral is credit risk reduction, especially during the time of the debt defaults, the currency crisis and the failure of major hedge funds. But there are many other motivations why ...
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]
The BC Government through the Strata Property Act (SPA) enables any private land owner to create a strata, which can be single family, duplex, triplex, multi-residential dwellings and also commercial properties such as stores, restaurants, airports, marinas, golf courses, fractional vacation properties, etc. Strata corporations are unlimited ...
Canadian contract law is composed of two parallel systems: a common law framework outside Québec and a civil law framework within Québec. Outside Québec, Canadian contract law is derived from English contract law, though it has developed distinctly since Canadian Confederation in 1867.
The Personal Property Security Act ("PPSA") is the name given to each of the statutes passed by all common law provinces, as well as the territories, of Canada that regulate the creation and registration of security interests in all personal property within their respective jurisdictions.
Personal Information Protection Act (British Columbia) Property Transfer Tax Act; S. Safe Streets Act; Sexual Violence and Misconduct Policy Act (British Columbia)