Sentences with phrase «by a collateral assignment»

In the collateral assignment form, the employee is formally designated as the owner of the contract, and the employer's premium advances are secured by a collateral assignment of the policy.

Not exact matches

«Typically,» says Professor Harry M. Buck, Jr., «it is a three - hour course in «comparative religions» in which Christianity, Judaism and all the religions of Asia are surveyed in a single semester by lectures, textbook assignments and collateral readings.»

In an memo e-mailed to county Sheriff Adrian Anderson on Friday and obtained by Mid-HudsonNews Network, Steinhaus wrote: «I want to reaffirm that county property taxpayers are not to incur any expense for the assignment of county employees to this private event or to address the collateral impacts to traffic or related localities.»

The security interest, pledge and assignment in your Collateral Account given to us by you includes and gives the Bank the right to make settlements or compromises on the Collateral Account; transfer the Collateral Account to the Bank's own name; or exercise ownership rights on the Collateral Account.

``... the court must ask itself whether the assignment can fairly be seen as prompted by a desire to advance the cause of justice rather than as intermeddling for some collateral reason... «(para. 23)

A so called «collateral assignment» of a life insurance policy is often requested by the lender.

The collateral assignment of life insurance form must be signed by the policy holder and the person who is the assignee.

The collateral assignment is a simple form that needs to be filled out and signed by all parties involved: the lender, the insured, and the owner and payer, if different than the insured.

We'll help you get insured, make sure the loan guidelines are satisfied, and help you with your collateral assignment, even if you have already been turned down by another insurance company.

It's now time to get your collateral assignment notarized and recorded by your life insurance company's legal department.

Step 3: After the collateral assignment is signed and notarized by you, we rush the «recording process» where the life insurer has to sign off on it.

The collateral assignment of new debt to an existing policy is a somewhat controversial process and isn't performed by all lenders.

Prior to the closing of the loan, a collateral assignment was signed by John Smith, the assignor, and DEF Bank, the assignee, and made effective by the insurance company.

So by using a collateral assignment, if the owner / insured dies, the lender is paid back the amount it is owed and the remainder of the life insurance will be for the benefit of a beneficiary, such as a wife or kids.

The lender will require notice that the collateral assignment has been made by the borrower.