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What is the difference between a loss payee and a mortgagee?

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A loss payee is a person or entity listed on insurance documents to whom the check for damages will be issued in the event of a loss. A mortgagee is a person or lender who provided you a loan with which to buy your property. The loss payee and the mortgagee are typically one and the same, but not always.
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Loss Payee vs. Mortgagee : Legal Advice



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