Another method, not shown in the video, is a loan which the borrower decides to default on, and never repay. In this scenario, from what I understand with limited research, is only one payment is ever required to prove it was a loan in good faith. Some loans default. Credit markets are a bitch. ;)
I actually do show a loan default in the video, peep the timestamp 6:47: http://tinyurl.com/368cj3vn
You are correct that the lender only needs 1 transaction to take the borrower's collateral in case of default
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Nice. Thanks for the clarification on that point! There are a ton of loop-holes and "outs" written into their convoluted tax code. It was written by insanely wealthy robber-barons; for robber-barons.
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