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Old 04-19-2008, 07:52 PM
Dillon Hunt's Avatar
Dillon Hunt Dillon Hunt is offline
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Join Date: Dec 2004
Location: ohio tri state area
Posts: 313
Quote:
Originally Posted by indio007
Anyone know positively if a promissory note is considered "cash"???


Yes, only when registered on a ucc 3. registered as your property on the public side. (see pg. 11 of 23 in the securitization word document)

See the Securitization word document - it is (113kb) located near the bottom of this:

http://www.commonlawvenue.net/main/MSL.htm website.


I hope it is helpful

Dillon
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