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Which of the following is TRUE concerning loans sold with recourse? a ) Most loans are sold with recourse? b ) The buyer cannot put
Which of the following is TRUE concerning loans sold with recourse?
a Most loans are sold with recourse?
b The buyer cannot put the loan back to the selling Fl
c The Fl has no explicit liability if the loan goes bad
d The Fl that originated the loan retains a contingent credit risk liability
e The loan sale is technically removed
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