Generally,collateral for an installment loan may be seized and liquidated by the lender if the borrower has paid the loan in full.

Name: Generally,collateral for an installment loan may be seized and liquidated by the lender if the borrower has paid the loan in full.
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Collateral for an installment loan may be seized and liquidated by the lender if the borrower defaults on the payments or breaches any loan agreement. If the loan is paid in full, the collateral is released back to the borrower.

Generally,collateral for an Installment Loan May Be Seized and Liquidated