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PSD JACKSONVILLE STANDARD OPERATING PROCEDURES WAIVER OF INDEBTEDNESS Reference:(a) DODGER, Vol. 7A, Chapter 50 (b) DAMS PTG Part 7, Chapter 7, Section Point of Contact:Customer Service SectionDocument

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What is waiver of indebtedness?

Waiver of indebtedness is a legal document that releases a debtor from the obligation to repay a debt.

Who is required to file waiver of indebtedness?

Individuals or entities who forgive a debt owed to them are required to file a waiver of indebtedness.

How to fill out waiver of indebtedness?

Waiver of indebtedness can be filled out by providing details of the debtor, the amount of debt forgiven, and the reason for the forgiveness.

What is the purpose of waiver of indebtedness?

The purpose of waiver of indebtedness is to legally release a debtor from the obligation to repay a debt.

What information must be reported on waiver of indebtedness?

The waiver of indebtedness must include details such as the debtor's name, the amount of debt forgiven, and the date of forgiveness.

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