Explanation Of The Bank Loan Process, Final Part 3
The Borrower’s, pursuant to the SEC rules, registered Credit Agreement Payoff Security NOTE and Debt Lien Security Release/Satisfaction Property, once received by the retail bank servicer or Investor Trust, is a credit as payment for the loan and the borrower’s obligation to pay is terminated and is discharged pursuant to law, especially 50 USC 4305(B)(2) […]
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