She says American investment banks have made excessive loans, which created a real estate bubble and made the lenders insolvent on bad debt.
CIT. N) has reached a tentative deal with a bondholder group for $3 billion in rescue financing, which the lender hopes will help it avoid bankruptcy, a source close to the situation said on Sunday.
There are other pitfalls to avoid, but the bottom line is this: Play by the lenders' rules to get them to open their checkbook, but protect yourself at the same time.
So if you miss payments, the lender could take possession of your home.
Document give to a lender by a borrower to show that the lender own the property as security for the loan
EXAMPLE： If the Fund is to be the lender of last resort to countries in difficulty, it needs to be confident of being repaid.
A contract for loan of money between natural persons becomes effective at the time the lender makes the loan amount available.
A certificate in writing signed any Manager or other duly authorised officer of the Lender stating the amount at any particular time due and payable to the Lender under this loan facility agreement shall conclusive evidence against the Borrower.
And it shall be, as with the people, so with the priest; as with the servant, so with his master; as with the maid, so with her mistress; as with the buyer, so with the seller; as with the lender, so with the borrower; as with the taker of usury, so with the giver of usury to him.
In entering into a contract for loan of money, the lender may require the borrower to provide assurance.