| A lender doubtful of the borrower's ability to repay may take security over some or all of the company's assets. |
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| In this case, the borrower's credit history has cast doubt on his repayment capacity. |
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| An assignment does not require the borrower's consent, but novation requires the consent of all the parties. |
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| In dealing with other potential sources of finance as arranger, the bank is acting as the borrower's agent. |
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| After getting burned badly in the housing crash, most lenders now check everything on a borrower's loan application. |
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| A business-purpose loan is not rescindable, even if secured by the borrower's principal dwelling, because the credit is not subject to Truth-in-Lending. |
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| Since 1998, repayments have been collected by HMRC via the tax system, and are calculated based on the borrower's current level of income. |
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| The CFPB report also highlights a case where a borrower's cosigner declared bankruptcy without the borrower knowing. |
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