This is a state wherein a debt obligation is owed in spite of the borrower’s financial or personal situation. With this, the lender can get a hold of whatever asset they want to satisfy the borrower’s debt. Full recourse gives the lender unlimited options for reclaiming funds.
Full recourse
This is a state wherein a debt obligation is owed in spite of the borrower’s financial or personal situation. With this, the lender can get a hold of whatever asset they want to satisfy the borrower’s debt. Full recourse gives the lender unlimited options for reclaiming funds.
