Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

May a borrower receive multiple loans collateralized by separate ABS collateral on the same date?

April 26, 2017ABS borrower collateral collateralized Loans separate

0

Posted

May a borrower receive multiple loans collateralized by separate ABS collateral on the same date?

1 Answer

0

Posted

Yes, a borrower may receive multiple loans each collateralized by individual ABS collateral, subject to the TALF minimum loan size of $10 million. For example, on the same day, a borrower could borrow $12 million collateralized by student loan ABS and $15 million collateralized by auto loan ABS.