And, personal loans are unsecured, which means that whatever a borrower
buys with it cannot be used as collateral to help recover the costs of the debt.
It describes the situation where the borrower
has allowed the physical condition of the property to deteriorate.
As a result, no officers will exist who have the authority to execute the loan documents on behalf of borrower
. Again, until this situation is corrected, borrower
's counsel will not be able to opine that the loan documents were duly executed or that the execution and delivery of the loan documents were duly authorized by all necessary corporate action.
Loan Forgiveness Processing and Payment: After a borrower
qualifies for loan forgiveness, FFEL loan holders would get 60 days to ask for payments from guarantee agencies.
If the administrative agent either will not or cannot act for the second-lien lenders, the borrower
has to identify who will represent them.
Default is not a desirable outcome for either borrowers
or taxpayers, so ED has set up incentives for servicers to help borrowers
In cases where the FRM turns out to be the best, the borrower
must then choose between the different terms.
What is the borrower
's credit rating and credit scores?
For example, a borrower
attending a 4-year institution is generally likely to complete his education there.
It is very important for management to identify and define what high-quality borrower
customer service actually entails by activity.
The news conference, Melas said, was organised to help explain the Borrowers
' Association's December 12 decision to urge borrowers
to claim their rights in court.