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PARTICIPATION LOAN PROGRAM Agreement No. MASTER PARTICIPATION AGREEMENT Between ILLINOIS DEPARTMENT OF COMMERCE AND ECONOMIC OPPORTUNITY and (PARTICIPATING LENDER NAME) (PARTICIPATING LENDER ADDRESS)

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What is participation loan program?

A participation loan program is a financing arrangement where multiple lenders fund a single loan for a borrower.

Who is required to file participation loan program?

Financial institutions or lenders who participate in a loan program are required to file the participation loan program.

How to fill out participation loan program?

To fill out participation loan program, lenders need to provide details of the borrower, loan amount, terms, and the percentage of the loan they are funding.

What is the purpose of participation loan program?

The purpose of participation loan program is to spread risk among multiple lenders and provide opportunities for lenders to participate in loans they may not be able to fully fund.

What information must be reported on participation loan program?

Information such as borrower details, loan amount, terms, participating lenders, and the percentage of funding from each lender must be reported on participation loan program.

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