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Does the FDIC guarantee the performance of loans being offered for sale?

April 26, 2017FDIC for sale guarantee Loans offered PERFORMANCE

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Does the FDIC guarantee the performance of loans being offered for sale?

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No. The FDIC makes no representations or warranties in connection with any of the loans. The only remedies or recourse provided to the buyer are those set forth in the Loan Sale Agreement. Generally, all risk associated with the loans are passed to the buyer.