Cryptocurrency Q&A
Who is the true lender?
Who is the true lender?
CryptoWarrior
Tue Oct 29 2024
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7
answers
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I'm trying to figure out who the actual lender is in this situation. There are multiple parties involved, and it's not clear from the documentation who the true lender is. Can you help me determine this?
7 answers
Caterina
Thu Oct 31 2024
The regulation makes it explicit that the bank, as the genuine lender of a financial loan, retains the accountability for adhering to the regulations pertinent to the inception of that loan.
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CoinMaster
Thu Oct 31 2024
This clarification ensures that the bank is solely responsible for fulfilling all compliance requirements tied to the loan's origination process.
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GeishaCharm
Thu Oct 31 2024
Consequently, this negates any apprehension surrounding detrimental rent-a-charter agreements.
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LightningStrike
Wed Oct 30 2024
The rent-a-charter arrangements often raise concerns due to potential misuse and circumvention of regulatory norms.
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SamuraiCourage
Wed Oct 30 2024
By stating that the bank bears the compliance obligations, the rule fosters transparency and accountability in the lending industry.
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