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.

---

Definitions:

Traditional Roles

Conventional or established expectations of behavior and responsibilities associated with a specific social position or occupation.

Role of Women

The societal and cultural expectations and positions held by females in various contexts.

Breadwinner

An individual who is the primary provider of financial support for their family or household.

Mommy Track

A career path that enables a parent, usually a mother, to balance work with family responsibilities, often offering flexible working conditions but potentially slower professional advancement.