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lead lender |
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lead lender Most often,a lender who originates a loan and then sells part of the loan to another financial institution—called the participant—but remains in control of the relationship with the borrower.Sometimes,the originating lender will also sell the “lead position”and will simply retain a passive,participation interest in the loan. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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consistent with international treaty obligations), and (iii) extensive ongoing reporting obligations for both the Lead Lender and the borrower (as well as for its contractors under the Davis-Bacon Act). Known for its trusting nature, the credit union industry may be hurting itself when it comes to working with the lead lender in loan participation arrangements. PNC Bank served as the lead lender in the transaction. |
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