Debtor and loaner in a Nonrecourse Loan
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chan
Apprentice
Joined: 02 Aug 2005
Posts: 1
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 Posted: 10/18/08 - 05:40 Post subject: |
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| Hello, my wife and I have business ideas that involve nonrecourse loans. We are not sure still that this would be best decision for our situation but we do not want to reject anything without careful consideration. That is why we were just wondering if anyone could tell us more about debtor and loaner in a Nonrecourse Loan? |
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alfie
Apprentice
Joined: 12 Mar 2006
Posts: 1
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| Posted: 10/28/08 - 03:54 Post subject: |
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| Hi, your question was not very precise one. So I do not know what is it that you need to know about the debtor and loaner in a Nonrecourse Loan. This matter is very wide and there is plenty of information so you really should write down what exactly you need to know. This way you will get best explanation. |
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leland
Apprentice
Joined: 09 Jun 2006
Posts: 1
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| Posted: 11/07/08 - 02:08 Post subject: |
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| Hi, I do not know much about this matter but I will share with you all I know. I hope it will be helpful enough and it would mean something to you. This is the type of loan where lender cannot claim more than collateral as repayment. On the other hand the loaner is not personal liable if he does not repay the loan. However lender has fully right to take the asset that was used to secure the loan. |
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kaye
Apprentice
Joined: 05 Jan 2007
Posts: 1
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| Posted: 11/17/08 - 00:22 Post subject: |
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| The name of this loan speaks a lot for itself. Basically this means that if anything goes wrong and you cannot repay the loan a lender has no recourse against you. Naturally he can foreclose the asset. You can find plenty of information about this on the internet. But you will be best informed if you speak with someone from this area of expertise. |
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