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California Offering Circular for Fractional Loan
This California Offering Circular contains the details of an offering of fractional undivided interests in a promissory note secured by either a first mortgage or by other promissory notes secured by other collateral.
- The circular should be provided to any potential investors who may want to purchase interests.
- The document describes the fractional interests, the particulars of the loan and the loan servicing.
- The compensation being paid to the loan servicer and affiliates is disclosed, as are any conflicts of interest.
- The issuer must disclose any risks, ERISA and federal tax considerations with respect to the investment.
- Available in MS Word format.
- Intended to be used only in the State of California.
$35.00
USA Interim Loan Servicing Agreement
This USA Interim Loan Servicing Agreement is a contract for temporary servicing of mortgage loans during a sale transaction.
- The loan servicer will temporarily service the mortgage loans until the loans have been transferred to the purchaser.
- The loan servicer acts as an independent contractor on behalf of the purchaser, and will transfer all records and accounts to the purchaser upon termination of the Agreement.
- The loan servicing activities include collection and remittance of mortgage payments, maintenance of records, reports to the purchaser, maintenance of related escrow accounts, payment of taxes and insurance.
- The loan servicer will proceed with collection and/or foreclosure proceedings in the event of default in payment of the mortgage loan.
- All collections, remittances, payments, and record keeping will be done in full compliance with applicable local, state and federal laws.
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$29.99