New contingent liability recorded against student loan sales

Created
Wed, 03/03/2021 - 22:41
Updated
Wed, 03/03/2021 - 22:41
Last week’s Supplementary Estimates contained another note of interest for student loans. Under “Note K: Contingent Liabilities” (p. 90) we find that a fifth contingent liability has been added to those associated with the now abandoned sale of student loans. The sale of student loans necessitated warranties and indemnities to secure interest and obtain valuefor […]