This affidavit is for execution when an original promissory note has been lost. The form provides a description of the contents contained in the original note and the balance due on the note at the time the note was lost. The form must also be signed in the presence of a notary public.
Lost Note Affidavit Form Foreclosure In Clark
Category:
State:
Multi-State
County:
Clark
Control #:
US-00408
Format:
Word;
Rich Text
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A plaintiff must allege that it is in possession of the underlying Note in order to establish that it has standing to prosecute the action. If a lender produces a lost note affidavit in lieu of an original note or copy thereof then borrowers may attack the lost note affidavit's validity instead.Creating a lost note affidavit is an essential process for protecting the legal rights of all involved in a promissory note transaction. In Wells Fargo Bank, N.A. v. There is also an Information Booklet (Form JD1) to assist with filling out the forms. If the form is not filled out correctly, that can lead to delay. In a judicial foreclosure, the lender must go through the Courts. Eighth Judicial District Court, Clark County; Valerie.