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Q: What is the purpose of a loan documents?
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Does the co signer for a car loan have to sign all paperwork before the loan is legally binding?

Yes, all the documents relating to the loan.Yes, all the documents relating to the loan.Yes, all the documents relating to the loan.Yes, all the documents relating to the loan.


What is the purpose of loan protection?

The purpose of loan protection is to protect and insure that the loan is covered. This protects the owner of the loan meaning they will not lose money.


If you cosign an auto loan and the dealer changes the contract and put you on the loan by yourself what can you do?

If you signed the loan documents without reading them and later learned that you were on the loan alone, there is very little you can do. Your should have read before signing. If the loan was changed after you signed the documents, someone must have forged your signature on the altered documents. Then the loan is fraudulent. You may have to involve the police and go to court, however.


What is the purpose of a conforming mortgage?

Fannie Mae worked with Freddie Mac to develop uniform mortgage documents and national standards for what would come to be known as conforming loan .


Can you sue for an unpaid loan after 4years?

Definitely, you can sue for unpaid loan. Please ensure that you have documents that support you loan and the receiver of loan.


What is the purpose of informal documents?

The purpose of informal documents is showing people possible guidelines. Informal documents include recipes and how to do art projects.


In which category of loan Personal Loan falls?

A personal loan is an unsecured loan in which you don't have to give any security. But some banks can ask for a guarantor or security. The terms and conditions varied as per lenders. The benefits are:Minimum documents required.Clearance is given within seven days of applying.You can use the loan for any purpose whichever you like the most, there is no check on that.


What are the documents to be submitted when a loan is extended in a bank?

nothing


Providing and recording documents are performed by who?

loan officer


What is the bank loan value of your car?

It's Depends on you earning and and documents you submitted for car loan.


Can you avail for multi purpose loan even if you still have unpaid calamity loan?

A multi purpose loan is not able to be availed for if a calamity loan is unpaid. The loanist be paid off before another loan can be availed for.


What documents are required in preparing a consumer loan?

Ask your banker!!!!!