Business
Business, 01.07.2019 04:00, muncyemily

If a lender is not paid and the collateral that secured the loan is taken, this is called 1)garnishment 2)bankruptcy 3)foreclosure 4)repossession

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Mathematics, 10.07.2019 20:30, jenellalexis94p5jp7i
In a secured loan, collateral is a. valuable property that the borrower promises to give the lender in the event of default on the loan b. an agreement made in civil court agreeing that the borrower may be arrested in the event of default on the loan c. an agreement signed by a co-borrower promising to pay the loan in the event the primary borrower defaults on the loan d. and insurance policy taken out by the lender and paid for by the borrower to cover the lender from loss in the event of default
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Business, 17.07.2019 09:00, mimigg0621
If a borrower provides collateral and fails to repay the loan, a) the borrower may cancel the loan to get the collateral. b) the lender can sell the collateral to cover losses. c) the borrower must buy the collateral back. d) the lender keeps the collateral in case of late payment.
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Business, 18.07.2019 23:30, caitlynnoc1678
If a lender is not paid and they take the collateral that secured the loan, this is called garnishment bankruptcy foreclosure repossession
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Business, 31.10.2019 00:31, hanacat6174
When a borrower defaults on the payment requirements of a loan, there are several options that the lender has at its disposal. when the lender allows the borrower simply to convey the property to the lender rather than pursue a court-supervised process of terminating all of the borrower's claims of ownership of the property, this is commonly referred to as - deed in lieu of foreclosure. - foreclosure. - equity right of redemption. - bankruptcy.
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