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Loan to Own Participant Guide Building: Knowledge, Security, Confidence FDIC Financial Education Curriculum Table of Contents Page Lending Terms 1 Consumer Installment Loan Versus Rent-to-Own 2 Federal

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What is loan to own?

Loan to own is a financing arrangement where the borrower takes out a loan to purchase an asset or item, with the intention of eventually owning the asset outright.

Who is required to file loan to own?

Individuals or businesses who utilize the loan to own financing arrangement are required to file loan to own.

How to fill out loan to own?

To fill out loan to own, individuals or businesses must provide information about the loan amount, interest rate, repayment terms, and details about the asset being purchased.

What is the purpose of loan to own?

The purpose of loan to own is to enable individuals or businesses to acquire assets or items that they may not be able to purchase outright.

What information must be reported on loan to own?

Information that must be reported on loan to own includes the loan amount, interest rate, repayment terms, and details about the asset being purchased.

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