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Using An IRA As Loan Collateral

Answered by: 

Question: 
Can an IRA be used as collateral for a loan?
Answer: 

IRA's receive special treatment from the IRS because the customer does not have use of those funds. If they can pledge them as collateral, they'd effectively have use.

So, no, you can't.

First published on BankersOnline.com 2/17/03

First published on 02/17/2003

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Filed under lending as: 

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