Dual Interest definition

Dual Interest means insurance that protects the creditor’s and the debtor’s interest in the collateral securing the debtor’s credit transaction. “Dual Interest” includes insurance commonly referred to as “Limited Dual Interest.”
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Dual Interest means only that the borrower shall have the right to file a claim under the policy. This provision does not apply to an LPI policy issued to Shellpoint, after the lender or Shellpoint becomes the owner of the insured property following a foreclosure, short sale, deed-in-lieu or other similar event.
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Dual Interest means that the borrower shall have the right to file a claim under the LPI policy.
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Examples of Dual Interest in a sentence

  • You will provide coverage in the amount of the vehicle's actual cash value less a maximum deductible of $ You may purchase, or provide through an existing policy, the Dual Interest Property Insurance through anyone you choose who is reasonably acceptable to us.

  • If we finance the Dual Interest Property Insurance you are required by this contract to have, the following applies: Name of Insurer: Term of Insurance: Premium: You agree that the premium for the above-described insurance willbe included in the Amount Financed under this contract.

  • If we finance the Dual Interest Property Insurance you are required by this contract to have, the following applies:Name of Insurer: Term of Insurance: Premium: You agree that the premium for the above-described insurance will be included in the Amount Financed under this contract.

  • If we finance the Dual Interest Property Insurance you are required by this contract to have, the following applies: Name of Insurer: Term of Insurance: Premium: You agree that the premium for the above-described insurance will be included in the Amount Financed under this contract.

  • Except as provided in this Section 4(d), Grantor shall not be required to maintain in the Dual Interest Account any U.S. Government Obligations or other property.

  • If we finance the Dual Interest Property Insurance you are required by this contract to have, the following applies: Name of Insurer: Term of Insurance: Premium: You agree that the premium for the Dual Interest Property Insurance will be included in the Amount Financed under this contract.

  • If we finance the Dual Interest Property Insurance you are required by this contract to have, the FINANCE CHARGE AND PAYMENTS.

  • MGM Finance shall not be required to deliver to the Secured Lenders' Agent for deposit in the MGM Finance Dual Interest Account as Bank Collateral any U.S. Government Obligations not acquired with the proceeds of prepayments of the MGM Hotel Loan.