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Forbearance Agreements 101: What To Do When Your Borrower Can’t Pay
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Summary
During this crisis, there is an unprecedented number of borrowers requesting loan payment deferrals from their lenders. Once a lender determines they want to proceed with a loan forbearance, the next step is making sure the agreement is properly documented. Our legal experts will provide the industry’s best practices and break down the essential components of a well written agreement to keep lenders out of future litigation.
You will learn:
- How to properly evaluate a Forbearance Request
- How to communicate with your borrowers when they are making these requests to keep you out of future litigation
- The essential components of a Forbearance Agreement
Transcript
A transcript is not available at this time.
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