Multi-note. If the loan was closed with the multi-note option, the lender may need to possess all notes to take some servicing actions. In those situa- tions when the Agency is holder of some of the notes, the Agency may en- xxxxx the notes back to the lender, pro- vided a proper receipt is received from the lender which defines the reason for the transfer. Under no circumstances will the Agency endorse the original Loan Note Guarantee to the lender. §§ 1779.76–1779.77 [Reserved]
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