800-829-1040 For individual and joint filers who need procedural or tax law information and/ or help to file their 1040-type IRS Tax Help Line for individual returns (including Individuals| Schedules C and E); and, general account information for Form 1040 Filers.
Participation Loans Lenders and borrowers can team up with other lenders and borrowers to reduce their exposure to risk and increase their profits. These relationships, which come in many flavors, are called participation loans.
If the participation is re-characterized as a loan, the court will not view the participant as having an ownership interest in the underlying loan and will likely not find an automatically perfected security interest under Article 9 of the UCC.