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One type of loan sale is known as a/an ______________, where all rights are transferred to...

One type of loan sale is known as a/an ______________, where all rights are transferred to the loan buyer,
who will have a direct claim against the borrower?

A. assignment
B. revolving credit agreement
C. pass through
D. participation
E. securitization

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Answer #1

Answer: Option-(D): participation Loan participation is a type of loan agreement where all or part of its interest in a loan are transferred by the originating lender to a participant pursuant to a participation agreement (- the loan buyer) The rights and obligations between the participant and the originating lender are defined in the participation agreement including the participants rights, if any, in terms of originating lenders actions and decisions with respect to material aspects of the loan. Therefore, one type of loan sale is known as afan participation, where all rights are transferred to the loan buyer, who will have a direct claim against the borrower.

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