If the ABS collateral supporting a TALF loan is sold, can the TALF loan be transferred with that collateral?
A borrower may assign all of its obligations with respect to a TALF loan to another eligible borrower with the prior consent of the New York Fed. The New York Fed will assess the eligibility of the assignee as a borrower at the time of the transfer and confirm that the assignee has executed all the requisite documentation for the facility.
Related Questions
- Must an eligible borrower own newly issued ABS it plans to pledge as collateral for a TALF loan at the time it subscribes for the loan?
- If the ABS collateral supporting a TALF loan is sold, can the TALF loan be transferred with that collateral?
- ABS in order to represent that the ABS is eligible collateral for a TALF loan?
