Loan Guarantor
Definition
Loan Guarantor. Guarantor, that is the party which provides some guaranty for the loan.
Issues and Challenges
This means that the person who is the guarantor is going to guarantee payments to the lender in the event that the borrower does not pay. PoC data original definition: "Name of Mortgage Indemnity Guarantee (MIG) provider if applicable OR Name of (other) guarantee provider." This definition does not apply to this term any more - see detailed review notes which identify that MIG is provided by a different kind of party, to a different party, for different reasons. Implementation: MIG Provider is now a separate field in the combined SDM spreadsheet, and modeled as such, as Loan MIG Provider.
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/LOAN/Loans/LoansGuaranties/index-en.html + |
