Jump to content

Recourse note

From Wikipedia, the free encyclopedia
This is an old revision of this page, as edited by Severo (talk | contribs) at 22:24, 5 August 2008 (clean up, added uncategorised tag using AWB). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

A recourse note is a debt note held by a lender that entitles the lender to seek financial recourse upon the default of the borrower. The note is usually secured by a mortgage or a deed.

See also