Basics
Can a user invoke any time?
No, a user (borrower) cannot invoke. Invoking is the lender's prerogative and is based on the terms of the contract or loan agreement.
Who executes the revoke call?
The lender or an authorized representative of the lender executes the revoke call. Depending on the asset's nature and the loan agreement terms, this might be facilitated by an intermediary such as a custodian or a legal entity. Process of revocation ...
Can a user revoke at any time?
No, a user (borrower) cannot revoke anytime. The right to revoke a claim on an asset is contingent upon the completion of the loan repayment in full, as per the terms agreed upon with the lender. Only after fulfilling these obligations can a borrower ...
Who invokes?
The lender invokes. When a borrower defaults on a loan by failing to pay the EMIs or violating the loan agreement's terms, the lender has the right to invoke their claim on the collateral. This is typically executed through a formal process that may ...
What is invoke and revoke?
"Invoke" and "Revoke" are terms related to the control and status of an asset that is used as collateral in a lending process: Invoke To "invoke" in the context of lending means that the lender is exercising their legal right to take control of the ...
What is the process of lien marking?
The process of lien marking on mutual funds, shares, or bonds as collateral for securing a loan involves several key players, including the borrower, the lender (typically a bank or financial institution), and the Registrar and Transfer Agent (RTA) ...
What is lien marking?
Lien marking refers to the process where a claim or a legal right is placed on an asset to secure a loan or obligation. Lien marking serves as a security measure for lenders while allowing borrowers to leverage their investments without liquidating ...
Popular Articles
Inputs for the Net Worth API
The Net Worth API requires specific inputs to provide a detailed and comprehensive output of an individual's net worth, encompassing both digital and physical assets. Understanding these inputs is crucial for correctly leveraging the API to get ...
Can a user revoke at any time?
No, a user (borrower) cannot revoke anytime. The right to revoke a claim on an asset is contingent upon the completion of the loan repayment in full, as per the terms agreed upon with the lender. Only after fulfilling these obligations can a borrower ...
What specific asset classes does the Net Worth API track?
The Net Worth API tracks a comprehensive range of asset classes including bank accounts, stocks, mutual funds, vehicles, and real estate. Each class is detailed, providing users with a broad view of their financial landscape and how different assets ...
What is lien marking?
Lien marking refers to the process where a claim or a legal right is placed on an asset to secure a loan or obligation. Lien marking serves as a security measure for lenders while allowing borrowers to leverage their investments without liquidating ...
What is the process of lien marking?
The process of lien marking on mutual funds, shares, or bonds as collateral for securing a loan involves several key players, including the borrower, the lender (typically a bank or financial institution), and the Registrar and Transfer Agent (RTA) ...