Can PDCs be used as collateral for a loan?
Yes, after the loan arrangements are made between you and the lending institution, the rear panel of the original PDC certificate must be completed and returned to the Pinelands Development Credit Bank within 10 business days. The Bank will re-issue a certificate with a notation that the PDCs have been encumbered and the name of the lending institution. This means that the PDCs can’t be sold without obtaining a release from the lender.
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