I'll write an insurance policy on the transaction for 10% of total value, payable by the seller.
Buyer provides me with emu/login info. Emu password (server login will remain unchanged) will be changed during the loan term. When the debt is satisfied, emu information will be released back to the buyer immediately upon final payment.
In the event of default, the item will go into escrow (I will provide this service) where it will sell for the remaining balance owed to the seller. (ex. if the initial down payment is 50k and the remaining interest payments amount to 35k, the tunic will be sold in EC/Auction for 35k).
The item on loan with lien against it, is not to be removed from the account under any circumstance. If the item is moved to a character on another account, it must be documented BEFORE the transfer and emu info be provided for that new account. If the item is removed from the account before the maturity date of the loan and is not documented, the loan will be considered in default and the emu info will be turned over the to lien holder (seller).
As an insurance policy on my good faith and credit, I will deposit 250k into escrow with a reputable third party for as long as this business is in effect. In the event that the policy underwriter (me) defaults or breaches the trust of either party by any material disruption to the course of business, claims pursuant against me can seek restitution from these funds held with the escrow party to the extent of the value of services rendered. The underwriter's funds on deposit with the escrow will be ineligible for the underwriter to redeem back while any insurance policy is in effect (effective).
Qualifications for eligibility for insurance will vary depending on value of item on loan.
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