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ECONOMIC DEVELOPMENTPARTICIPATION LENDING PROGRAM
LOAN MANUAL
November 18, 2015Updated 11/18/2015WHEDA Participation Lending Program 2015Table of Contents
Introduction....................................................................................................................................................
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What is participation lending program?
Participation lending program is a method of lending in which multiple lenders participate in funding a single loan.
Who is required to file participation lending program?
Financial institutions and lenders who engage in participation lending programs are required to file.
How to fill out participation lending program?
To fill out a participation lending program, lenders must provide details of the loan, participating lenders, and loan terms.
What is the purpose of participation lending program?
The purpose of participation lending program is to spread risk among multiple lenders and facilitate access to credit for borrowers.
What information must be reported on participation lending program?
Information such as loan amount, participating lenders, loan terms, borrower information, and repayment schedule must be reported on participation lending program.
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