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04-02-2014, 06:11 PM #1
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I may be wrong here, but it sounds like the conversation is being misconstrued. It sounds like the funding company would file suit against an agent if they place the deal with that funder, and then gets the merchant a stack behind them.
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04-02-2014, 08:54 PM #2
Sue the broker for what? The brokers stacking live commission to commission. A lawyer isnt going to chase an agent. The stackers have probably formed shell companies that will need to be pierced as well tying parties if litigation does occur and the suits will become public showing issues within the industry on alternative lending. It's a slippery slope but the only other alternative would be regulation which would put everyone not just the stackers under a microscope.
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04-03-2014, 08:14 AM #3
Reputation points: 12452
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Wrt funding a deal with one company (a partner) and then taking that deal and getting it stacked, it shouldn't result in a lawsuit. It should result in jail time. Brokers that do this embarrass me to be associated with them. There is no argument that could be made that would convince me this is in any way an acceptable practice.
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