A Lien Release is a form that removes a lien on a property once the property owner pays the lienor in full. The lienor is the person who placed the lien against the property. A lien is a protective legal …
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What is a subordination agreement used for?
Despite its technical-sounding name, the subordination agreement has one simple purpose. It assigns your new mortgage to first lien position, making it possible to refinance with a home equity loan or line of credit. Signing your agreement is a positive …
Leia maisWhich entity enforces the Texas Deceptive Trade Practices Consumer Protection Act DTPA rules?
The primary tool the Office of the Attorney General uses to protect Texas consumers is the Deceptive Trade Practices Act (DTPA). This law lists many practices that are false, deceptive, or misleading. When you fall victim to illegal practices covered …
Leia maisWhat does it mean to petition to probate will in solemn form?
The Petition to Probate Will in Solemn Form asks the Court to review the Will and determine if the Will is valid, to determine if all of the appropriate parties received notice, and to issue an Order and Letters Testamentary …
Leia maisHow do I file a lien in Los Angeles County?
If you would like to record the mechanics lien yourself, you can do so at the following Los Angeles County Recorder’s Offices: Norwalk- 12400 Imperial Hwy., Norwalk, CA 90650. Lancaster – 44509 16th St. West, Suite 101, Lancaster, CA 93534. …
Leia maisWhat does the Truth in Lending Act require?
The Truth in Lending Act (TILA) protects you against inaccurate and unfair credit billing and credit card practices. It requires lenders to provide you with loan cost information so that you can comparison shop for certain types of loans. What …
Leia maisHow many standard deviations from the mean is unusual?
two standard deviationstwo standard deviations away from the mean is considered “unusual” data. How many standard deviations from the mean is normal? The empirical rule, also referred to as the three-sigma rule or 68-95-99.7 rule, is a statistical rule which …
Leia maisWhat is breach of contract in law?
A breach of contract occurs whenever a party who entered a contract fails to perform their promised obligations. Due to the frequency of breaches of contract, a robust body of law has grown to resolve the ensuing disputes. What do …
Leia maisDo bondholders get paid before stockholders?
Bondholders can earn a fixed income with regular interest—or coupon—payments. Bondholders have the benefits of a safe, risk-free investment with U.S. Treasurys. In case of company bankruptcy, bondholders receive payment before common stock shareholders. Are stockholders paid before bondholders? Usually, …
Leia maisWhat does it mean for a bank to liquidate a loan?
Accordingly, a Liquidated Loan means a Loan which has been liquidated or paid back. The liquidation of a loan can be either by way of payment in full, a disposition, a refinance or a compromise. In addition it can also …
Leia maisHow do I serve a summons and complaint in California?
A copy of the summons and of the complaint shall be mailed (by first-class mail or airmail, postage prepaid) to the person to be served, together with two copies of the notice and acknowledgment provided for in subdivision (b) and …
Leia maisWhat is an r10?
An R10 ACH return code means an ACH payment was not authorized due to incorrect submission, ineligibility, or an incomplete transaction. What is the meaning of R10? Return Code (R10) – Account holder advises that transaction is not authorized. – …
Leia maisHow many cars can you keep in Chapter 7?
There is no specific limitation on the number of cars a person may own and keep in bankruptcy. However, there are other limitations that do come into play. The law limits the amount of equity a person can protect. You …
Leia maisHow long must brokers retain deposits and other escrow funds?
Bank statements, and all other bank records, i.e., deposit receipts, account transfers, etc., for each escrow account shall be kept by the Sponsoring / Managing Broker for a period of at least five (5) years. How long must a broker …
Leia maisWhat is a commercial loan agreement?
A commercial loan agreement refers to an agreement between a borrower and a lender when the loan is for business purposes. Every time a substantial amount of money is borrowed, an individual or organization must enter into a loan agreement. …
Leia maisWhat is the difference between an allonge and an assignment?
An assignment in this context is what gives a party the legal designation and right to move forward with legal action on a property, whereas an allonge is an endorsement that allows you to collect on the promissory note. What …
Leia maisWhat is an insolvency administration order?
An order of the court declaring the estate of a deceased person insolvent. An insolvency administration order broadly speaking is the equivalent of a bankruptcy order but relating to a deceased’s estate rather than a live individual. What is the …
Leia maisWhat are notes in real estate?
A mortgage note is a legal document that sets out all the terms of the mortgage between a borrower and their lending institution. It includes terms such as: The total amount of the home loan. The down payment amount. Whether …
Leia maisHow do I search for a UCC lien?
Notices of liens, and.…A1. Go to the UCC filing system. Click on the type of search. To search by the debtor’s name, click on “Standard search.” To search by the document number, a secured party, or other information, click on …
Leia maisWhat is the difference between mandatory release and discretionary release?
In discretionary systems, release is granted following a decision by a parole boardparole boardA parole board is a panel of people who decide whether an offender should be released from prison on parole after serving at least a minimum portion …
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