# 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)


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