> For the complete documentation index, see [llms.txt](https://docs.niftyapes.money/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.niftyapes.money/lenders-dapp-guide/lender-dashboard/seizing-assets-from-loan-defaults.md).

# Seizing Assets from Loan Defaults

If a loan has been defaulted on, a lender is able to seize the collateral as repayment for the principal and interest owed by the borrower.

![](/files/eqg132FiK1ZT1u3bd22Z)

This view is available on the Lender Dashboard.

By clicking Seize Asset, the Lender submits a transaction that transfers the NFT collateral to their wallet.

For more information, check out the [Loan Default FAQ](/overview/loan-default-faq.md)