Payoff demand statement definition

Payoff demand statement means a written statement, prepared in response to a written demand made by an entitled person or authorized agent, setting forth the amounts required as of the date of preparation by the beneficiary, to fully satisfy all obligations secured by the loan that is the subject of the payoff demand statement. The written statement shall include information reasonably necessary to calculate the payoff amount on a per diem basis for the period of time, not to exceed 30 days, during which the per diem amount is not changed by the terms of the note.
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Payoff demand statement means a written statement that is prepared in response to a written demand made by an entitled person or that person's authorized agent that sets forth the amounts required by the beneficiary secured lender to fully satisfy all of the obligations secured by the loan that is the subject of the demand.
Sample 1
Payoff demand statement means a written statement, prepared in response to a written demand made by an entitled person or authorized agent, setting forth the amounts required as of the date of preparation by the beneficiary, to fully satisfy all obligations secured by the loan that is the subject of the payoff demand statement.” (Civ. Code § 2943, subd. (a)(5).)
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More Definitions of Payoff demand statement

Payoff demand statement means a written statement that is
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Related to Payoff demand statement

  • Payoff statement means a written statement furnished by the mortgage servicer which sets forth all of the following:

  • Billing Demand means the metered demand or connected load after necessary adjustments have been made for power factor, intermittent rating, transformer losses and minimum billing. A measurement in kiloWatts (kW) of the maximum rate at which electricity is consumed during a billing period;

  • Review Demand Date means, for a Review, the date when the Indenture Trustee determines that each of (a) the Delinquency Trigger has occurred and (b) the required percentage of Noteholders has voted to direct a Review under Section 7.2 of the Indenture.

  • Final Statement means the statement defined in Sub-Clause 14.11 [Application for Final Payment Certificate].

  • Final Closing Statement has the meaning set forth in Section 2.4(a).

  • Closing Statement has the meaning set forth in Section 2.5(a).

  • Earn-Out Statement has the meaning set forth in Section 2.5(c).

  • Draft Closing Statement means a draft closing statement, prepared by Seller, as of the close of business of the third (3rd) business day preceding the Closing Date setting forth an estimated calculation of both the Purchase Price and the Estimated Payment Amount.

  • Closing Date Statement has the meaning set forth in Section 2.06(b).

  • Closing Working Capital Statement has the meaning set forth in Section 2.04(b)(i).

  • Preliminary Closing Statement shall have the meaning set forth in Section 2.3(a).

  • Post-Closing Statement has the meaning set forth in Section 3.3(c).

  • E-Statement means an electronic version of daily confirms, monthly, quarterly or annual statements, and shareholder tax statements created with investor transaction data housed on DST’s TA2000® mutual fund record keeping system, with images available online via a secure web site.

  • Demand Registration Statement has the meaning set forth in Section 2.01(a).

  • Underwritten Demand shall have the meaning given in subsection 2.1.3 of this Agreement.

  • Demand Request shall have the meaning set forth in Section 2.1.

  • Working Capital Statement has the meaning set forth in Section 2.3(a).

  • Payment Statement As defined in Section 6.01 hereof.

  • MERS Report The report from the MERS System listing MERS Designated Mortgage Loans and other information.

  • Demand Notice has the meaning set forth in Section 2(a)(i).

  • Preliminary Report means the communication used for the prompt dissemination of data obtained during the early stages of the investigation;

  • Final Working Capital Statement has the meaning set forth in Section 2.04.

  • Pre-Closing Statement has the meaning set forth in Section 2.4(a).

  • Annual Statement means that statement required by Iowa Code section 508.11 to be filed annually by the company with the office of the commissioner.

  • Pick Up Report means the report detailing the number of sleeping rooms per day actually used out of the Program’s room block.

  • Subsequent Financing Notice shall have the meaning ascribed to such term in Section 4.12(b).