Common use of Lost Notes Clause in Contracts

Lost Notes. (1) All promissory notes dated on or after 11–1–73 are held in the County Office. A few notes (with the exception of OL notes) are still held by investors. If a note dated prior to 11–1– 73 cannot be located in the County Of- fice and it is needed for servicing the case, the County Supervisor will write a memorandum to the Finance Office explaining why the note is needed. The request should give the name and case number of the borrower, date and origi- nal amount of the loan, type of loan and loan code.

Appears in 3 contracts

Sources: Assumption Agreement, Assumption Agreement, Assumption Agreement