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Rescission on property titled in LTD Partnership

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Question: 
I have a customer who is borrowing money in his own name. However the property is titled in the LTD partnership. With this person being a 40% holder is a rescission needed?
Answer: 

No. The LTD owns the property, not the individual.

First published on BankersOnline.com 2/6/06

First published on 02/06/2006

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