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Is the Financing Non-Recourse?

April 26, 2017financing non-recourse

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Is the Financing Non-Recourse?

1 Answer

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Yes. Absent fraud, NatLUST financing is essentially non-recourse to the RP & their consultant. If a LUST fund ceases to reimburse claims or the 5%-10% “holdback” is insufficient to cover the accrued carrying costs, NatLUST and its credit providers will suffer the loss.