Which of the Following Is NOT True of Loan Assignments

question 72

Multiple Choice

Which of the following is NOT true of loan assignments?

• A)All rights are transferred on sale.
• B)The loan buyer holds a direct claim on the borrower.
• C)Transfer of U.S.domestic loans is normally associated with a Uniform Commercial Code filing.
• D)Ownership rights are generally much clearer in a loan sale by assignment.
• E)Contract terms are unrestrictive from the seller's perspective.

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