Order For Loan Modification Management {5} | Pdf Fpdf Docx | North Carolina

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Order For Loan Modification Management {5} | Pdf Fpdf Docx | North Carolina

Last updated: 6/30/2023

Order For Loan Modification Management {5}

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ORDER FOR LOAN MODIFICATION MANAGEMENT. This form used is in the United States Bankruptcy Court, Eastern District of North Carolina and outlines the details and requirements for the Court's Loan Modification Management Program (LMM). It specifies the parties involved, including the debtor and creditor, and designates a facilitator for the case. The order states that during the LMM period, the debtor is required to make monthly payments based on a specific formula outlined in the order. These payments are to be made through the Chapter 13 Trustee as conduit payments in the Chapter 13 Plan. The creditor is expected to comply with certain requirements regarding Notices of Mortgage Payment Changes. The form also includes instructions for the parties involved. The creditor and their counsel are instructed to register on the Portal and provide the necessary documentation. The debtor is required to upload their Initial LMM Package, pay fees, and complete other specified actions within specified timeframes. Various provisions regarding the LMM Program, such as termination, final reports, communications, attendance at hearings, and the modification of the automatic stay, are outlined in the order. www.FormsWorkflow.com

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