Common use of Priority Interest Clause in Contracts

Priority Interest. A. Confirm that the Receivable contains security interest language in favor of USAA FSB in the Financed Vehicle. B. Confirm that the Title Documents report USAA FSB, or an acceptable variation of the name, as the first lien holder, or that an appropriate application has been filed in the applicable state if the certificate of title is still pending. C. Confirm that the Obligor’s name, or an acceptable variation thereof, on the Contract matches the name on the Title Documents. D. Confirm that the Vehicle Identification Number (VIN) on the Contract matches the VIN number on the Title Documents. E. Confirm that the Receivable has been assigned: