What Are the Two Basic Types of Loan Sale Contracts

question 13

Multiple Choice

What are the two basic types of loan sale contracts or mechanisms by which loans can be transferred between seller and buyer?

• A)Participations and assignments.
• B)Participations and originations.
• C)Syndications and originations.
• D)Transfers and assignments.
• E)Exercise and transfers.

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Definitions:

Electrophilic

Describes a chemical species that is attracted to electrons and tends to accept electrons during chemical reactions.

Nucleophilic Attack

The process by which a nucleophile forms a bond with a positive or partially positive atom in another molecule.

Organic Product

A chemical compound of organic origin or derived from living organisms.

Organic Product

Any compound containing carbon atoms that is produced from organic reactions involving organic compounds.