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FOR INCOME Prospectus Lincoln Asserted? JUL Variable Universal Life Insurance May 1, 2013, The Lincoln National Life Insurance Company Not a deposit Not FDIC-insured May go down in value Not insured
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A loan is not a deposit.
The financial institution that receives the loan is required to file not a deposit.
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The purpose of not a deposit is to differentiate loans from deposits for regulatory and reporting purposes.
The information that must be reported on not a deposit includes the loan amount, borrower information, interest rate, repayment terms, and any collateral.
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