When Borrowing Money for a Vehicle,who Is Typically the Lien

question 16

Multiple Choice

When borrowing money for a vehicle,who is typically the lien holder and loss payee on the insurance?

• A)The primary driver of the car
• B)The owner as noted on the title of the vehicle
• C)The lending financial institution
• D)The payer of the insurance

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Canadian Standards Association, an organization that develops standards in various industries, including electrical, mechanical, and energy management.

Canadian Standards Association

A not-for-profit organization that develops standards for a wide range of products and processes in Canada.