Common Contracts
2 similar Debt Suspension Agreement contracts
Comptroller of the Currency, Treasury § 37.6Debt Suspension Agreement • January 15th, 2020
modifying loan terms under which a bank agrees to suspend all or part of a customer’s obligation to repay an ex- tension of credit from that bank upon the occurrence of a specified event. The agreement may be separate from or a part of other loan documents. The term debt suspension agreement does not in- clude loan payment deferral arrange- ments in which the triggering event is the borrower’s unilateral election to defer repayment, or the bank’s unilat- eral decision to allow a deferral of re- payment.
Comptroller of the Currency, Treasury § 37.6Debt Suspension Agreement • January 15th, 2020
modifying loan terms under which a bank agrees to suspend all or part of a customer’s obligation to repay an ex- tension of credit from that bank upon the occurrence of a specified event. The agreement may be separate from or a part of other loan documents. The term debt suspension agreement does not in- clude loan payment deferral arrange- ments in which the triggering event is the borrower’s unilateral election to defer repayment, or the bank’s unilat- eral decision to allow a deferral of re- payment.
