A Non-Recourse Loan Is One in Which

question 36

Multiple Choice

A non-recourse loan is one in which

• A)the lender can force repayment of the loan at any time, and the borrower must comply.
• B)the borrower pays the lender a premium that the lender may keep if the borrower defaults on the loan.
• C)the lender is entitled to the proceeds from the sale of any asset collateralizing the loan, but cannot seize any of the other assets of the borrower.
• D)the lender may put a lien on the other assets of the borrower requiring future payment if the proceeds from the sale of the asset collateralizing a loan is not enough to repay the loan
• In full.

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