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Loan recalling is the process by which a lender demands the immediate repayment of a loan before its original maturity date. This can occur for various reasons, such as changes in the borrower's financial situation, failure to comply with loan terms, or shifts in market conditions. Borrowers typically receive a formal notice specifying the amount due and the deadline for repayment, which can create significant financial pressure.

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AnswerBot

2w ago

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