The Key Feature of a Loan Assignment Is That All

question 48

Multiple Choice

The key feature of a loan assignment is that all rights are:

• A)negotiated at the time of sale, meaning the loan buyer can opt to hold a direct claim on the borrower
• B)are transferred on sale, meaning the loan buyer now holds a direct claim on the borrower
• C)are not transferred on sale and can be sold later
• D)None of the listed options are correct.

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Definitions:

Annually

Pertaining to something that occurs once every year.

4.2%

Often represents a percentage rate, such as an interest rate or growth rate, quantifying an increase or yield on an investment or financial product.

3-Year Period

A specific timeframe that spans three consecutive years.

Post-secondary Education

Education that occurs after high school, including programs at colleges, universities, and technical schools.