A lender may grant a loan in the absence of a marketable title if the defects are minor.

Name: A lender may grant a loan in the absence of a marketable title if the defects are minor.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A lender may choose to grant a loan even if the title is not marketable, as long as the defects in the title are minor and can be fixed easily. However, this is a risky decision for the lender as they may face difficulties in recovering the loan in case of any legal issues related to the title.

A Lender May Grant a Loan in the Absence of a Marketable