Background and Context........................................................................................................... 3. B. Purpose of this Guidance .......................................................................................................... 4. C. Target Audience, Status and Content of the Guidance ............................................................ 5. D. Scope of the Guidance: terminology, Key features and business models................................
A lien holder is someone who has either leased a vehicle to you with an insurable interest, or given you money on loan to buy it. The lien holder is usually a bank or another financial firm. When insuring your car, the lien holder is also included on your policy. This will protect the lien holder in the event that you are in an accident and damage the vehicle. The lien holder has a secured interest in the car.
CAR/LAR is an important new tool to reduce data entry, streamline proof operations, and reduce costs. Countertop check scanners are playing an increasing role in use of CAR/LAR in branch capture applications due to the high quality images the scanners produce today.sers can also take advantage of the recognition confidence option. The recognition confidence option allows users to display checks in which the confidence for a CAR/LAR result is within a certain range. This helps a controller display and review all check items with low confidence.