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How can the borrower be assured that the person he or she is negotiating with has the authority to enter into any loan modification agreement?

April 26, 2017Agreement assured authority borrower enter loan modification Negotiating person

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How can the borrower be assured that the person he or she is negotiating with has the authority to enter into any loan modification agreement?

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The law requires that the written notice designate a person that the borrower must contact and that person must have the authority to make agreements. Prepared By-Lorray S.C.