What is " contrato de prenda sin desapoderamiento"?
1
vote
The contract to collateralize the assets of the borrower, the creditor needs to prepare "contrato de prenda".
However, it says "contrato de prenda sin desapoderamiento" and I would like to know what it means...
Thank you!!
3260 views
updated Apr 12, 2011
posted by riovista
1 Answer
0
votes
I'm looking for an article translated into English
Contrato de préstamo con prenda sin desplazamiento
"Asset-based loan contract"
"Asset-backed loan contract"
This seems to have to do with Dominican Republic law. I'm can't find a simple explanation. I'm wondering if it is a contract where you put up collateral rather than one where you need a cosigner? Wait for a native.
updated Apr 12, 2011
edited by 0074b507
posted by 0074b507
