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When was Diverse Recourse created?

Anonymous

∙ 10y ago

Updated: 8/21/2019

Diverse Recourse was created on 2007-04-10.

Wiki User

∙ 10y ago

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Is a car loan considered recourse or non-recourse debt?

I think is non recourse debt

What is recourse funding?

Recourse funding is a type of loan for which collateral is placed. The difference between recourse and non-recourse funding is that in recourse funding, if the collateral sells for less than the amount left on the loan, the lender can go after other assets. In non-recourse funding, the lender would have to absorb the loss.

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