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Modifications and borrower ficticious names

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Question: 
When preparing the modification for a renewal/extension, if the borrower's fictitious name statement expired and we have re-filed for the fictitious name, do we need to indicate the new filing date in the modification agreement?
Answer: 

What you need to include in a modification is a legal matter and based on State law. This is a question for your legal counsel. Since a fictitious name is just what is says, "fictitious," why it would appear in any legal document is beyond me.

First published on 12/22/2024

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