Is lienholder same as lender?
Is lienholder same as lender? A lienholder is a lender that legally has an interest in your property until you pay it off in full. The lender — which can be a bank, financial institution or private party — holds a lien, or legal claim, on the property because they lent you the money to purchase it. Who is the lien holder on a car loan? The loan helps the car buyer afford something they usually couldn’t pay for all at once. But the borrower is obligated to repay the lender. In this case, the lender — like a bank...