as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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peer to peer lending business model (i.e. lending club)
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this is all answered in the prospectus. the money not yet invested (available/committed to a note but not yet funded) is held in pooled trust account insured by fdic. money funded is delivered to the borrower. lending club service their notes themselves. read also my reviews on lending club.
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