Understanding Loss Payee vs. Lender's Loss Payable
https://www.fundera.com/blog/loss-payee-vs-lenders-loss-payable-endorsements
WEBAug 3, 2020 · As you can see, the difference between loss payee vs. lender’s loss payable—in other words, a standard loss payable endorsement vs. a lender’s loss payable endorsement—is the amount of protection that’s awarded to the loss payee, aka your small business lender.
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