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Refund model labelled 'unviable'

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Australian Broker | 17 Oct 2011, 06:00 AM Agree 0
Franchisees looking to bid for Refund Home Loans after it entered voluntary administration may be buying into an "unviable" business model, it has been claimed
  • Ian Jervis | 17 Oct 2011, 11:13 AM Agree 0
    One thought that occurred to me is who "owns" the trail on the loans that have been written. If the banks agreement is with the head franchisor and they have gone broke, does this then become an asset for the liquidator to sell to recover debts and if so, what happens to the broker who was expecting to receive the trail?
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