# 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.

![](https://3101901544-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fai9iiM3lynt9siXMc0yj%2Fuploads%2FMUsv3S2pR0gEhXHjx8Ke%2Fimage.png?alt=media\&token=964e38b6-a32d-4125-a4eb-79d86ed00012)

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](https://docs.niftyapes.money/overview/loan-default-faq)