Reply To: Director’s Guarantees and Enforceability

leotyndall #7475

Dear Marketlend1997,

It is always a complicated legal solution when there is a situation that the account holder is a trustee for a trust.

Marketlend obtains not only the obligation from the trustee of the trust but also the individuals to pay the loan. We obtain a personal guarantee and indemnity from the individuals.

That being said, it is a negative factor to the risk assessment a trust structure and we take this into consideration when completing the risk assessment model and encourage you to do as well.

Marketlend Risk
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