Yes. At the time of the sale, the seller will be credited for the SafeGuard fund balance.
Original loan – €1,200
SafeGuard fund allocation – €24
Total loan principal paid back up until date of sale – €200
The sales price of the loan through ReBlend equals the balance of the principal of the loan – €1,000.
The credit for the SafeGuard fund balance is €20 and is proportionate to the ratio of the balance of the loan principal to the original loan: (1,000/1,200 * 24 = 20).
Posted in: 4. ReBlend (Lender FAQs)