Author Question: A secured creditor who removes its collateral from a property that is about to be foreclosed upon ... (Read 35 times)

abc · **on:** Jun 24, 2018

A secured creditor who removes its collateral from a property that is about to be foreclosed upon must pay the foreclosing creditor for the loss of value to the property that results from the removal.
Indicate whether the statement is true or false

Question 2

Consumer title loans, made in exchange for title to a car if the borrower defaults, are also called predatory loans and are illegal per se.
Indicate whether the statement is true or false