Which of the following statements regarding assignments are true?
A)Buying a share in a loan syndication with some contractual control and rights over the borrower.
B)All rights are transferred on sale, meaning the loan buyer now holds a direct claim on the borrower.
C)Transfer to U.S.domestic loans is normally associated with a Uniform Commercial Code filing.
D)all of the above statements are true.
E)none of the above statements are true.

Question

Quizplus · Accepted Answer

A) This statement is true as it describes a loan participation, where the investor has some control and rights over the borrower.
B) This statement is also true, as all rights to the loan are transferred upon sale to the buyer.
C) This statement is true for U.S. domestic loans, which require a Uniform Commercial Code filing to legally transfer ownership. 
Therefore, all of the above statements are true.

Which of the Following Statements Regarding Assignments Are True