A provision in a mortgage to allow the borrower to obtain a release of the original collateral by replacing it with another form of collateral satisfactory to the lender.
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Definition of substitution of collateral: A provision in a mortgage to allow the borrower to obtain a release of the original collateral by replacing it with another form ...
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Substitution of Collateral and Release Consent. , referred to as OWNER, and. , referred to as SECURED PARTY, agree: OWNER is indebted to SECURED ...
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the directions for “Pledging, Releasing and Substitution of Collateral Through Safekeeping Banks other than the Federal Reserve Bank”. These instructions ...
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Subordination and substitution of collateral are two fancy real estate techniques that can be used to raise huge sums of cash from real estate. In order to ...
- Substitution of Collateral - Wyoming State Treasurer's Office
updated 5/25/12. SUBSTITUTION OF COLLATERAL. This SUBSTITUTION OF COLLATERAL (the “Substitution”) is made as of this ____ day of ...
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52-142 Substitution of collateral; release of lien; procedure. 52-142. Substitution of collateral; release of lien; procedure.(1) Any person having an interest in real ...
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Substitution of Collateral and Release Consent. Secured creditors and borrowers working with secured creditors always have the option to negotiate an ...
- Substitution of Collateral
STATE OF NORTH CAROLINA SUBSTITUTION OF COLLATERAL. COUNTY OF. THIS INDENTURE, made and entered into this _fi day of , l9__, by and ...