DICO SOAD
As the “under-secured” portion of the loan ($8,000) is within the personal loan under-secured limit of $8,400 (refer Table 3 above) the loan may be approved as a $32,000 under-secured loan. Loan Reports – Personal Loans. As outlined in DICO By-law No. 5, credit unions are required to monitor the level of unsecured and under-secured lending. ................
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