Skip to content

Repurchase Agreements

Answered by: 

Question: 
What are the typical repurchase requirements for early payment default?
Answer: 

It really depends on the purchase contract, which would specifically define what would be considered an "early payment default", but typically the original creditor is then required to repurchase the loan as if the sale transaction never occurred.

First published on 08/07/2016

Filed under: 
Filed under lending as: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics