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.
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).)
Payoff demand statement means a written statement that is prepared in response to a written demand made by a mortgagee or the mortgagee's authorized agent that sets forth the amounts required by the beneficiary to fully satisfy all of the obligations secured by the loan that is the subject of the demand.

More Definitions of Payoff demand statement

Payoff demand statement means a written statement that is
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 secured lender to fully satisfy all of the obligations secured by the loan that is the subject of the demand.

Related to Payoff demand statement

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

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

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

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