Loan overdue classification Rhode Island

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Calculation example: with a loan amount of USD 100,000 at 10% per annum, for a period of 1 year, the total amount to be repaid will be equal to: USD 105,499.06, with a monthly payment: USD 8791.59. The consequences of not paying the loan are regulated by the legislation of USA.

    Issuance of credit Issuance

    the loan is made after registration of the mortgage agreement in the Mortgage Department and payment of the fee for the loan agreement. On the same day after performing all the above-mentioned actions, the bank can transfer the amount specified in the credit agreement to the seller's account specified in the sales contract.

    Confirmation of fulfillment of obligations under the sales contract

    When the seller of the house receives the money transferred by the bank for the sold house, no later than within 2-3 working days, together with the seller, contact the same notary office where the contract of sale of the house was concluded. approved The notary must issue a certificate stating that you have fulfilled all your obligations to the home seller.

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