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When a borrower elects to surrender the collateral in satisfaction of a loan, can it do so by surrendering specific collateral or is the entire pool of collateral surrendered?

April 26, 2017borrower collateral elects entire loan pool satisfaction surrender Surrendering

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When a borrower elects to surrender the collateral in satisfaction of a loan, can it do so by surrendering specific collateral or is the entire pool of collateral surrendered?

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The entire pool of collateral must be surrendered. A borrower that desires to effect a collateral surrender must make a request through its primary dealer.