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The lender has the option of assigning a loan to another person

The lender has the option of assigning a loan to another person

Broadly speaking, a lender or a creditor is a loan provider, that is a person or legal entity giving funds to a borrower on the condition that they will be returned within a certain period of time and in a certain amount. The basis on which the borrower must satisfy the creditor is the contract, which specifies all the conditions under which the creditor provides the funds to the borrower. Continue reading The lender has the option of assigning a loan to another person