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If a borrower ceases to be a representative of the company or project and thus becomes invalid, what happens to the project? - Acredius

If a borrower ceases to be a representative of the company or project and thus becomes invalid, what happens to the project?

In case of a change of status of the borrower, the situation is case dependent. However, since the loan contract is in the company’s name, it is the company’s liability.

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