What Is NOT True of Loan Assignments

question 26

Multiple Choice

What 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)Ownership rights are generally much clearer in a loan sale by assignment.
• D)Contract terms are unrestrictive from the seller's perspective.

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Definitions:

Genetic

Relating to genes or heredity, encompassing the study of how traits and characteristics are transmitted from parents to offspring.

Down Syndrome

A genetic disorder caused by the presence of all or part of a third copy of chromosome 21, resulting in a distinctive set of physical and intellectual traits.

Extra Chromosome

A genetic condition where an individual has more than the usual number of chromosomes, leading to developmental differences and physical anomalies.