What Are the Two Basic Types of Loan Sale Contracts

question 23

Multiple Choice

What are the two basic types of loan sale contracts or mechanisms by which loans can be transferred between seller and buyer?

• A)participations and assignments
• B)participations and originations
• C)syndications and originations
• D)transfers and assignments

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Definitions:

Laissez-faire Leader

A leadership style characterized by minimal direct supervision, allowing team members significant freedom in how they accomplish their work.

Tasks

Specific duties or activities assigned to individuals or teams as part of their roles or projects.

People

Human beings, individually or collectively, considered in a social, professional, or personal context.

Trait Theories

Psychological perspectives that suggest individual behaviors, motivations, and personalities are conditioned by inherent traits.