Answer:
What documents, if any, you have to return when an account pays off would be a matter of state law.
First published on BankersOnline.com 8/8/11
Send Notification when Signature Loan Paid Off?
Answered by:
Question:
Are we required to send any type of notification to our members once they have paid off a signature loan? Typically, we send a copy of the security agreement marked paid. Is this considered a courtesy or is it a requirement?
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