Under an assignment ownership,a loan is transferred to the buyer,though the buyer still holds only an indirect claim against the borrower.

Question

Quizplus · Accepted Answer

Under an assignment of ownership, the buyer of the loan acquires a direct claim against the borrower, not an indirect one. This means the buyer steps into the shoes of the original lender and has the right to enforce the loan terms directly with the borrower.

Under an Assignment Ownership,a Loan Is Transferred to the Buyer,though