Stated to prevent a borrower from using a line of credit as permanent and ongoing financing. Would likely result in the borrower having to pay off the line of credit balance and not use the L/C for the stated period of time.
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Stated to prevent a borrower from using a line of credit as permanent and ongoing financing. Would likely result in the borrower having to pay off the line of credit balance and not use the L/C for the stated period of time.
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