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of <h1>Special Purpose Entities Must Meet Strict Cash Flow, Ownership, and Transfer Criteria for Legitimate Debt Assignment</h1> The regulation establishes conditions for assigning debt or receivables to a special purpose distinct entity. Key requirements include generating identifiable cash flows, having a valid enforceable interest, ensuring assets are free from encumbrances, obtaining necessary permissions, and transferring at arms' length. The regulation prohibits acquiring debt from entities in the same group, mandates structuring transactions to minimize consolidation risks, and ensures the transaction constitutes a genuine true sale legally realizable by the special purpose entity.
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