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07-25-2016, 12:10 PM #16
- Join Date
- Sep 2014
- Location
- Bronx, NY 10470
- Posts
- 7
Most funders have an amount where over which constitutes a COJ, normally over $50k or so. If you are funding a CA deal, the COJ has to notarized by an attorney. It`s basically a statement of fidelity, you can always tell a merchant who is going to default because they are hesitant to sign them because they know it`1s one more nail in the coffin if the hammer ever comes down. What I don`t know is how strong it holds up in court when presented into evidence.
Kieran McQuaid | Director of ISO Relations and Sales | 6th Avenue Capital
New York| O: +1 646 705 0099 | M: +1 212 470 7188| | F: +1 888 747 8744
Main: +1 877 223 8004 kieran.mcquaid@6thAvenueCapital.com
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