Non-Recourse Loan

Term	Main definition
Non-Recourse Loan	A loan which does not allow for a deficiency judgment against a borrower in the event of default. The borrower cannot be held personally liable. The lender's only available recourse in the event of default is the collateral or property. Hits - 2276

EBMC 47 Kearny Street
San Francisco, CA 94108
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Phone: 415-981-5780
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California DRE #01183885

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