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What are the eligibility requirements for the ACH or automatic draft service?

April 26, 2017ACH automatic draft eligibility requirements service

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What are the eligibility requirements for the ACH or automatic draft service?

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Your loan must be contractually current (due for the current month’s payment). Loans in bankruptcy, on special repayment plans, HUD assignment plans or mortgagors that have been notified that they must submit guaranteed funds (cashiers check or wire) are not eligible. If you are not sure that your loan is eligible, please contact EMC Customer Service.