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We're the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly.

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What is an assignee of an auto loan?

Answer:

An assignee is a person or a company who buys your auto loan. 

For example, an auto dealer who extends credit to you may sell your loan to a bank, making the bank the assignee. You owe the money to whoever has purchased your loan. The assignee has a lien on the vehicle and can repossess if you default or fail to make payments on your loan.

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