Dorney Park is a theme park in Allentown, Pennsylvania.
Loan Sales and Participations. A loan participation is a sharing or selling of interests in a loan. Depository institutions use loan participations as an integral part of their lending operations. Banks may sell participations to enhance their liquidity, interest rate risk management, and capital and earnings. They may also sell participations to diversify their loan portfolio and serve the credit needs of borrowers.
You Must Be in Default. A private lender cannot start collection activity on your loan unless you are in default. For federal student loans, âdefaultâ is defined by federal laws. For private student loans, âdefaultâ is defined in your loan contract.