[BuddBarb]

Would a church come under review if it loaned money to an individual who executed a term note at a market rate of interest and secured the note with a deed of trust on real estate?

[Clough]

Hi, BuddBarb!

Are you asking about if a church would loan money to an individual for the individual to make some sort of profit by the money that had been loaned to them?

Thanks!

[BuddBarb]

The church would loan money to the individual. The loan would earn interest at the rate customary for real estate loans and the note would be secured by real estate. There is connectivity between the loan and the individual leaving the real estate to the church in his will.