Characteristics of Loan Participations Include the Following

question 5

Multiple Choice

Characteristics of loan participations include the following:
I. The loan participant is not a primary creditor on the loan.
II. The original lender can change some loan terms without the participant's permission.
III. Participations are without recourse.

• A)I only
• B)II only
• C)II and III only
• D)I and II only
• E)I,II,and III

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Definitions:

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