Payoff Statement Request With Per Diem In Broward
State:
Multi-State
County:
Broward
Control #:
US-0019LTR
Format:
Word;
Rich Text
Instant download
Description
The Payoff Statement Request with Per Diem in Broward is a crucial document for individuals and professionals involved in real estate and financial transactions in the Broward area. This form serves to formally request the current payoff amount on a loan, including necessary per diem interest calculations, ensuring accuracy in financial settlements. Key features of this form include the ability to specify the loan details, indicate any changes in escrow amounts, and document additional interest accrued up to the payment date. Users must fill in pertinent information accurately, including dates, loan holder, and specific dollar amounts while adapting the included template to fit their specific circumstances. The form is particularly useful for attorneys, partners, and paralegals who serve clients navigating loan payoffs, as it streamlines communication with financial institutions. Additionally, it assists legal assistants in managing paperwork efficiently. Overall, this form promotes a clear understanding of financial responsibilities and obligations related to loan payoffs in Broward.
Form popularity
FAQ
To get a payoff letter, ask your lender for an official payoff statement. Call or write to customer service or make the request online. While logged into your account, look for options to request or calculate a payoff amount, and provide details such as your desired payoff date.
By including a per diem amount in the letter, the parties will not have to execute another payoff letter if the termination date is delayed.
TILA requires that a mortgage lender or servicer send ''an accurate payoff balance within a reasonable time, but in no case more than seven business days'' after receiving the borrower's request. 15 U.S.C. § 1639g.
