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To: Bear_Slayer
If loan paperwork does not specifically state that a loan company can sell a loan,

Define "specifically state".

4 posted on 02/14/2008 7:56:54 AM PST by org.whodat (What's the difference between a Democrat and a republican????)
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To: org.whodat
Does not state at all that they can sell the loan.

Merely mentions that all power is inherited by anyone they transfer the loan to. In my understanding it gives collection agencies the power to act on behalf of the original loan company.

6 posted on 02/14/2008 7:59:32 AM PST by Bear_Slayer (When liberty is outlawed only outlaws will have liberty.)
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