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A lost note affidavit is a sworn statement made by the lender that it has lost the original note. The affidavit also contains factual representations from the lender about the status of the note and the loan.
By Practical Law Finance. A standard form of affidavit used when a promissory note has been delivered to a lender in a financing transaction and subsequently lost by that lender. This Standard Document has integrated notes with important explanations and drafting tips.
The borrower signs the Short Form document and any applicable riders, and the lender must provide the borrower with a copy of the recorded Master Form.
Which of the following clauses is included in Fannie Mae's multi-state note? Late Charge, The note contains a description of when a late charge is payable. Which clause is standard in a deed of trust and affects the foreclosure process that can be used if the borrower defaults?