Michigan mortgage licensees are required to maintain records relating to mortgage loans for _ from the date that the loan is _______, whichever occurs first.

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16-08-2022
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Michigan mortgage licensees are required to maintain records relating to mortgage loans for _ from the date that the loan is _______, whichever occurs first.

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mapooja789 mapooja789 · Answer 1 · 2022-08-20T11:54:10+02:00

Michigan mortgage licensees are required to hold facts relating to mortgage loans for 2 years from the date that the mortgage is closing whichever occurs first.

A mortgage is an settlement between you and a lender that gives the lender the right to take your house in case you fail to pay off the money you have borrowed plus hobby. mortgage loans are used to buy a home or to borrow cash in opposition to the value of a home you already very own.

A domestic mortgage is designed specially for financing the acquisition or creation of a residential assets. A loan mortgage, however, has no limit on the use of the mortgage amount. The difference between domestic mortgage and mortgage mortgage makes it clear that every is good for its own cause.

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Michigan mortgage licensees are required to maintain records relating to mortgage loans for _______ from the date that the loan is _____________, whichever occurs first.

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Michigan mortgage licensees are required to maintain records relating to mortgage loans for _ from the date that the loan is _______, whichever occurs first.