In August 2013, loan provider Permanent Mortgages entered into a loan agreement with borrowers. A mortgage on a property on Dempster Road, Myrup provided the collateral for the loan. Permanent mortgages was the first registered mortgage holder. The loan contracts of commercial banks, savings banks, financial companies, insurance companies and investment banks are very different from each other and all serve a different purpose. “Commercial banks” and “savings banks”, because they accept deposits and benefit from FDIC insurance, generate loans that incorporate the concepts of “public trust”. Prior to intergovernmental banking, this “public trust” was easily measured by state banking regulators, who could see how local deposits were used to finance the working capital needs of local industry and businesses and the benefits associated with employing this organization. “Industrial” loans are those that depend on the cash flow and creditworthiness of the company and the widgets or services it sells. “Commercial real estate” loans are those that repay the loans, but this depends on the rental income paid by tenants who rent space, usually for long periods. There are more detailed categorizations of loan portfolios, but these are always variations around broader themes. Second, the borrowers argued that the assignment did not take place after weighing the probabilities. .