Which of the following is NOT true of loan assignments?
A) All rights are transferred on sale.
B) The loan buyer holds a direct claim on the borrower.
C) Transfer of U.S.domestic loans is normally associated with a Uniform Commercial Code filing.
D) Ownership rights are generally much clearer in a loan sale by assignment.
E) Contract terms are unrestrictive from the seller's perspective.
Correct Answer:
Verified
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