Stocks bonds and money market funds

Investments in securities—such as stocks, bonds and money market funds—are acceptable liquid assets. Some institutions allow the applicant to borrow against market value of their investments. In such cases, these margin loan funds are treated as secured loans.

If the applicant will be liquidating investment funds, the following processing tasks are normally required:

  1. Most recent statements. The processor should provide copies of the most recent asset statements for the investments.
  2. Liquidation check. Investment liquidations are normally remitted to the individual investor with a check. The applicant should make a copy of this check before depositing it and submit it to the lender with any accompanying summary statements.
  3. Deposit receipt. The applicant should immediately deposit the liquidation check and provide the lender with a copy of the deposit receipt.

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