Finance
In Nebraska commercial real estate, 'recourse' vs. 'non-recourse' lending affects the lender's remedy in that non-recourse loans:
AAllow the lender to pursue the borrower personally for any deficiency after foreclosure
BLimit the lender's recovery to the collateral property only — the borrower has no personal liability for deficiencies✓ Correct
CRequire the borrower to post additional collateral
DProvide automatic forgiveness of the remaining balance after foreclosure
Explanation
Non-recourse commercial loans limit the lender to the collateral property as their sole remedy for default. The borrower has no personal liability for any deficiency. Recourse loans allow the lender to pursue the borrower's personal assets for deficiencies.
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