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#1966644 - 10/02/14 07:44 PM Personal Loan with LLC-owned collateral
stitchnell Offline
Junior Member
stitchnell
Joined: Oct 2012
Posts: 34
Elkins, WV
We have a personal real estate loan that was additionally secured with a vehicle. The vehicle is titled under the borrower's LLC, which is now dissolved/terminated. Our security agreement has our borrower's name, but was not signed by him AS THE LLC. The loan is single ownership, and the borrower was also the ONLY member in the LLC. Do we have rights to the property? Or are we up the creek?

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Lending Compliance
#1966660 - 10/02/14 08:01 PM Re: Personal Loan with LLC-owned collateral stitchnell
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,371
Galveston, TX
You need to be visiting with legal counsel and not compliance people.
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