For a loan sold with recourse, Group of answer choices the loan seller...
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For a loan sold with recourse, Group of answer choices the loan seller removes the assets from the balance sheet and does not report a contingent liability in the footnotes. None of the options are correct. the loan buyer cannot collect from the loan seller in the event of borrower default. the loan seller has no further obligation at all to the loan buyer.
For a loan sold with recourse,
Group of answer choices
the loan seller removes the assets from the balance sheet and does not report a contingent liability in the footnotes.
None of the options are correct.
the loan buyer cannot collect from the loan seller in the event of borrower default.
the loan seller has no further obligation at all to the loan buyer.
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