This term is commonly used and can be seen on the report if a lien is found. Used in security interest documents to describe the party that has given a loan to a debtor, using the vehicle as collateral. On CARFAX Canada reports, the lender is also referred to as the “secured party.”
Modified on: Sat, 3 Oct, 2020 at 1:35 PM
Did you find it helpful? Yes NoSend feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.