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Mortgage DocumentsMultistate Adjustable Rate Note WSJ Boneyard LIBOR SingleFamily Fannie Mae UNIFORM INSTRUMENT (Form 3526)Type of InstrumentInstrument Revision Date Note6/01 (rev. 6/16)Instrument
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A multistate adjustable rate note is a type of loan agreement where the interest rate on the loan can change periodically based on an index.
Lenders and borrowers involved in a multistate adjustable rate note are required to file the document.
The document must be completed with details of the loan agreement, including the initial interest rate, index used for adjustments, and terms of the loan.
The purpose of a multistate adjustable rate note is to provide flexibility in loan terms for both lenders and borrowers.
The document must include details of the loan terms, interest rate adjustments, and any other relevant information related to the loan.
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