Credit property insurance definition

Credit property insurance means insurance:

Credit property insurance means protection or indemnity against creditor risk of loss in connection with a specific consumer credit transaction secured by collateral. The definition of “credit property insurance” is limited to property insurance insuring personal property used as collateral or security in a consumer credit transaction. Subject to the requirements in the federal Truth-in-Lending Act, 16 CFR Section 444 (1991), and the Iowa consumer credit code, credit property insurance is a permissible additional charge in a consumer credit transaction.

Credit property insurance means any policy, endorsement, rider, binder, certificate, or other instrument or evidence of insurance covering perils to goods purchased through a credit transaction or used as collateral for a credit transaction and which concerns a creditor's interest in the purchased goods or pledged collateral either in whole or in part.

Examples of Credit property insurance in a sentence

• Credit property insurance includes insurance against loss of or damage to personal property, such as a houseboat or manufactured home.

• Credit property insurance covers the creditor’s security interest in the property.

• Requests for advertising space are accepted at the discretion of the maaps Executive Director and/or his designee.All potential advertisements will be reviewed by the maaps Chief Operating Officer for a decision on acceptance and must be computerized in a PDF format.

• Credit property insurance does not include homeowners’ insurance, which, unlike credit property insurance, typically covers not only the dwelling but its contents and protects the consumer’s interest in the property.

• Credit property insurance does not include homeowners insurance, which, unlike credit property insurance, typically covers not only the dwelling but its contents, and designates the consumer, not the creditor, as the beneficiary.Paragraph 32(b)(3)(i).1.

More Definitions of Credit property insurance

Credit property insurance means property insurance written in

Credit property insurance means insurance against direct physical damage to personal household

Credit property insurance means property insurance written in connection with credit transactions under which the creditor is the primary beneficiary;

Credit property insurance means any policy, endorsement, rider, binder,

Credit property insurance means any policy, endorsement, rider, cover note, memorandum, certificate, or other instrument or evidence of insurance covering perils to goods purchased through a credit transaction or pledged as collateral for a credit transaction and that concerns a creditor's interest in the purchased goods or pledged collateral either in whole or in part. Credit property insurance is a type of property insurance as provided for in 33-1-210.

Credit property insurance means a policy of insurance that covers perils to goods purchased through a credit transaction or used as collateral for a credit transaction and that concerns a creditor's interest in the purchased goods or pledged collateral either in whole or in part.

Credit property insurance means any policy, endorsement, rider, cover note, memorandum,