A loan in which the borrower is not held personally liable in the case of default.
Related information about nonrecourse loan:
- Nonrecourse debt - Wikipedia, the free encyclopedia
Non-recourse debt or a non-recourse loan is a secured loan (debt) that is secured by a pledge of collateral, typically real property, but for which the borrower is ...
- Nonrecourse loan - Financial Dictionary - The Free Dictionary
A loan for which no partner or related person bears the economic risk of loss. For example, if a partnership fails to repay a nonrecourse loan, the lender has no ...
- Recourse Loans and Non-recourse Loans - Personal Risk vs Losing ...
When you don't repay a loan, you take a risk. With recourse loans, lenders can try to collect money from you in a variety of ways. With non-recourse loans, ...
- Nonrecourse loan - Merriam-Webster Online
a loan by which a lender agrees to accept the collateral security in lieu of repayment from the borrower if he is unable to pay or if the value of the security falls ...
- When Is a Nonrecourse Loan Actually a Recourse Loan? The ...
When Is a Nonrecourse Loan Actually a Recourse Loan? The Answer May Surprise You. By: JOHANNA M. FRANZEN & MARY S. RANUM. September 2012 ...
- nonrecourse mortgage loan act - Michigan Legislature - State of ...
Mar 29, 2012 ... The legislature recognizes that it is inherent in a nonrecourse loan that ... personally liable for payment of a nonrecourse loan if the borrower is ...
- Loan Carve-Outs For Nonrecourse Financing - Miller Starr Regalia
In a nonrecourse loan, a lender fundamentally agrees to limit its recourse to specified assets rather than to the general assets of the bor- rower or the guarantors.
- The Scope of the Borrower's Liability in a - Washington & Lee ...
far more significant in the nonrecourse loan than in the full re- course loan. ... A. Recognizing that the "Nonrecourse" Loan Is a Loan. Allowing Partial Recourse .