jreeves
Senior Member
- Feb 12, 2008
- 6,588
- 319
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You're not reading.... or you're not comprehending. I don't know which it is... but it's one of them.
Either way, if you tell that to a client, be prepared for the malpractice suit after the guy/gal listens to you and ends up indicted.
And now go back and read up on collateralizing loans. Because you haven't given any indication of understanding a single thing about the concept.
Ok well explain to me how in fact I am wrong in assuming that "public funding is to not be used as collateral" means something other than what is explictly stated in the contract?
Isn't there any case law to support your position, that by mentioning public funding in any sense on a loan app. is the same as using it for future interest?