A Loan Sale Occurs When an FI Originates a Loan

question 7

True/False

A loan sale occurs when an FI originates a loan and sells the loan without recourse to an outside buyer.

---

Definitions:

Statement

A sentence or expression that can be classified as either true or false.

Linguistic Expression

A unit of speech or writing that communicates a thought or intention.

Proposition

A statement expressing a judgment or opinion that can be either true or false.

Cars

Vehicles powered by an engine, primarily used for transporting people and goods.