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What else can I help you with?
What constitutes fraud in an all inclusive promissory note?
No collateral
Is it illegal to sell something you don't own?
Yes, it is illegal to sell something you don't own because it constitutes fraud and can lead to legal consequences.
Can you sell a car that you used a collateral?
No. If you use a vehicle as collateral on a loan or something of that nature, the car actually becomes property of the lien holder (person to which is holding it as collateral), and cannot be sold unless the loan is cleared up.
What is Collateral check fraud?
Collateral check fraud involves the use of fake or altered checks that appear legitimate to defraud a financial institution or an individual. In this scheme, the fraudster may present the counterfeit check as a form of collateral for a loan or transaction, intending to withdraw funds before the check bounces. Victims often do not realize the check is fraudulent until it has already been deposited and the funds have been accessed. This type of fraud can lead to significant financial losses for the victims involved.
Can a sub lessor sell a parcel of land to a third party?
You can not legally sell what does not belong to you. AKA Fraud. Theft, Misrepresentation, Forgery, all Felony offenses you would be guilty of for selling something that you have no legal right to sell.
Can you sell your car if it is being used in a cross collateral loan?
No, it has a lien on it. You cannot sell it without permission from the lender.
What something of value pledged as security for a loan?
Collateral
What is something given to guarantee repayment of a loan?
collateral
How do you finance a vehicle engine?
Personnel loan or by using something else as collateral. You cannot borrow money and use an engine as collateral.
Can you sell a car and hold the title for collateral?
Of Course! That's what the bank/finance company does!
What is the difference between collateral and pledge?
There is not much difference between collateral and pledge. If you put something up as collateral, if you fail to pay the loan, the item that you pledged will be taken. Either word can be used.
What does Impact Wealth Solutions sell?
Just they sell lies and fraud please don't believe them be careful
