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.

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