Is the answer correct?

Franz Höfler, Unna, applies to his bank for a loan of 50,000 euros to finance a motorhome. The bank requires reliable collateral.

Explain which other type of security is also suitable for the loan and explain this loan security

Answer: Assignment by way of security is suitable. In this case, the lender receives security, but the transferred asset remains in the debtor's possession.

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Leisewolke
2 years ago

they can also take the personal loan. Banks always like to take it when others brush for you