Floor Plan Loans Comptroller's Handbook (Section 210) |
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| Author:
| Comptroller of the Currency, Comptroller of |
| ISBN: | 978-1-5029-3531-1 |
| Publication Date: | Oct 2014 |
| Publisher: | CreateSpace Independent Publishing Platform
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| Book Format: | Paperback |
| List Price: | USD $15.99 |
Book Description:
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Floor plan, or wholesale, lending is a form of retail goods inventory financing in which each loan advance is made against a specific piece of collateral. As each piece of collateral is sold by the dealer, the loan advance against that piece of collateral is repaid. Items commonly subject to floor plan debt are auto mobiles, large home appliances, furniture, television and stereo equipment,boats, mobile homes, and other types of merchandise usually sold under a sales finance contract.
Floor plan, or wholesale, lending is a form of retail goods inventory financing in which each loan advance is made against a specific piece of collateral. As each piece of collateral is sold by the dealer, the loan advance against that piece of collateral is repaid. Items commonly subject to floor plan debt are auto mobiles, large home appliances, furniture, television and stereo equipment,boats, mobile homes, and other types of merchandise usually sold under a sales finance contract.