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STATE OF ILLINOIS DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION DIVISION OF BANKING IN THE MATTER OF: LOAN MOD ONE a/k/a Loaned a/k/a LAO DIRECT, LLC Attention: Lorena Legged, Executive VP 1785
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Loan mod one aka stands for Loan Modification Agreement One also known as the first modification agreement on a loan.
The borrower and the lender are required to file loan mod one aka.
To fill out loan mod one aka, both parties need to provide their personal information, loan details, requested modifications, and sign the agreement.
The purpose of loan mod one aka is to modify the terms of the original loan agreement to better suit the needs of both the borrower and lender.
Information such as personal details of both parties, original loan amount, modified terms, and signatures must be reported on loan mod one aka.
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