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  • November 6, 2020
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Consumer Whole Loan

A whole loan that represents consumer debts such as credit card and automobile receivables. The loan is extended to a consumer, that is a borrower, in whole and is not sliced into tranches. In the secondary market of loans, whole loans are sold as is: not in slices. The borrower assumes all the risks associated with the loan, while the lender has no rights to the loan after the sale.


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