easy · Asset-Backed Securities
What is the purpose of a 'Non-Consolidation Opinion' in an ABS deal?
- To confirm that the servicer has the right to use the originator's office software.
- To prove that the loan pool is diversified across more than 50 different states.
- To state that a court would not combine the SPE's assets with those of the originator in a bankruptcy.
- To guarantee that the price of the cars in the pool will never decrease.
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