The process of resolving a troubled loan so that a lender can recover its funds is called:
A)loan review.
B)written loan policy.
C)loan workout.
D)loan commitment agreement.
E)None of the options is correct.

Question

Quizplus · Accepted Answer

The process of resolving a troubled loan so that a lender can recover its funds is called a loan workout. This process involves negotiating with the borrower in order to restructure the terms of the loan or find an alternative means of repayment. Loan review, written loan policy, and loan commitment agreements are all important aspects of the lending process, but they do not specifically relate to the resolution of troubled loans.

The Process of Resolving a Troubled Loan So That a Lender