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Form 438BFU NS (Rev. May 1, 1942)x LENDERS LOSS PAYABLE ENDORSEMENT S.F. FORM 1. Loss or damage, if any, under this policy shall be paid to the Payee named on the first page of this policy, its successors
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What is lenders loss payee?
Lenders loss payee is a clause in an insurance policy that provides coverage for the lender's interest in the property being financed.
Who is required to file lenders loss payee?
The lender is typically required to file lenders loss payee in order to protect their financial interest in the property.
How to fill out lenders loss payee?
To fill out lenders loss payee, the lender must provide their name and contact information, along with details about the property being financed.
What is the purpose of lenders loss payee?
The purpose of lenders loss payee is to ensure that the lender's financial interest in the property is protected in the event of damage or loss.
What information must be reported on lenders loss payee?
The lenders loss payee must include the lender's name, contact information, and the details of the property being financed.
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