What Is the Cross Collateralization Agreement? Whenever you want to use your collateral of one loan for taking another loan, then it comes under an agreement and is termed as a cross collateralization agreement. If you want to get a home loan and vehicle loan from the same institution, then you will need this agreement. […]
A cross collateralization agreement is one in which the same property is used for securing multiple loans from a financial institution or bank. The property can be immovable or movable according to the terms set by the bank. The cross collateralization agreement provides that the property will be secured under the bank’s control until all […]