Article 11
Information on unfunded credit protection
Where the loan is guaranteed, crowdfunding service providers shall ensure that the valuation of the guarantee takes into account all of the following information:
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(a) |
the identity of the guarantor; |
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(b) |
the type of guarantee; |
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(c) |
the enforceability of the guarantee; |
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(d) |
the level of protection provided by the guarantee; |
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(e) |
the amount that the guarantor has committed to pay in the event of the default of the project owner or non-payment by that project owner. |