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NYC Autogiro (direct debit) in the Max format (Bank giro Receivables) Technical manual November 2009 This manual is valid from the date that NYC Autogiro is introduced. Introduction Max is a file
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What is loan payment through direct?
Loan payment through direct refers to the method of making loan payments directly from the borrower's bank account.
Who is required to file loan payment through direct?
Borrowers who have agreed to direct loan payments as part of their loan agreement are required to file loan payment through direct.
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To fill out loan payment through direct, borrowers need to provide their bank account information and authorize the lender to deduct payments directly from their account.
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The purpose of loan payment through direct is to streamline the loan repayment process and ensure timely and convenient payments for both borrowers and lenders.
What information must be reported on loan payment through direct?
On loan payment through direct, borrowers must report their bank account number, bank routing number, and any other required information specified by the lender.
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