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Recourse Loan
A type of loan that allows a lender to seek financial damages if the borrower fails to pay the liability, and if the value of the underlying asset is not enough to cover it. A recourse loan allows the lender to go after the debtor's assets that... More »

en.wikipedia.org/wiki/Recourse_debt

Recourse debt is a debt that is backed by collateral from the borrower. Also known as a recourse loan, this type of debt allows the lender to collect from the ...

www.investopedia.com/ask/answers/08/nonrecourse-loan-vs-recourse-loan.asp

The essential difference between a recourse and non-recourse loan has to do with which assets a lender can go after if a borrower fails to repay a loan.

www.investopedia.com/terms/r/recourse-loan.asp

Recourse loans give lenders a higher degree of power because they have fewer limits on what assets lenders can go after for loan repayment. For example ...

www.investopedia.com/terms/n/nonrecoursedebt.asp

Most car loans are recourse loans, meaning the lender can pursue the borrower for the $6,000 deficiency balance. In the event it is a nonrecourse loan, however  ...

www.businessdictionary.com/definition/recourse-loan.html

Definition of recourse loan: Loan agreement under which a borrower gives an undertaking to repay a debt even if the funded asset (acquired with the loan ...

www.businessdictionary.com/definition/non-recourse-loan.html

Definition of non-recourse loan: Loan agreement under which the collateral securing a loan is the ultimate source of repayment, and the lender cannot hold the ...

apps.irs.gov/app/vita/content/36/36_02_020.jsp

A recourse debt holds the borrower personally liable. All other debt is considered nonrecourse. In general, recourse debt (loans) allows lenders to collect what is ...

www.nolo.com/legal-encyclopedia/whats-the-difference-between-recourse-nonrecourse-loan.html

Whether your mortgage is a recourse or nonrecourse loan is important in foreclosure law.

www08.wellsfargomedia.com/assets/pdf/personal/the-private-bank/WP_Recourse_vs_Nonrecourse_CRE_Financing_ADA.pdf

Managing Director, Interest. Rate Risk Management. In this white paper. 1 Commercial real estate lenders. 2 Characteristics of recourse and nonrecourse loans.