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LENDER: Do Not Reduce This Form Tennessee Housing Development Agency (THEA) Buyer Profile THEA Loan # (assigned by THEA) Primary Borrowers Name: OA Name: OA Number: LIST INDIVIDUALS NAMES BELOW: Appraiser:
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Who needs lender do not reduce?
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Anyone who wants to prevent a reduction in a lender's status may need to fill out a 'lender do not reduce' form. This form is typically used in various financial or legal situations where it is crucial to maintain the lender's status without any reduction or decrease. It may be required by individuals or organizations who are involved in loan agreements, mortgages, or any other financial arrangements with lenders. By filling out this form, they can formally request and provide reasons for the lender to not reduce their status.
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What is lender do not reduce?
Lender do not reduce is a form that lenders must file to certify that they did not reduce the amount of a loan for certain borrowers.
Who is required to file lender do not reduce?
Lenders who did not reduce the loan amount for certain borrowers are required to file the lender do not reduce form.
How to fill out lender do not reduce?
Lenders can fill out the lender do not reduce form by providing information about the borrower, the loan amount, and certifying that no reduction was made.
What is the purpose of lender do not reduce?
The purpose of lender do not reduce is to ensure that lenders are not reducing the loan amounts for certain borrowers without proper justification.
What information must be reported on lender do not reduce?
Lenders must report information such as borrower details, loan amount, and certification that no reduction was made.
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