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Subordination Request Instructions Effective Date: 09×2020Requests to subordinate a Medallion Bank fixture filing to a mortgage loan should be submitted using this form. We will process the request
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A subordination is when one party agrees to give up their priority position in favor of another party.
The parties involved in a lending transaction typically file a subordination agreement.
To fill out a subordination agreement, parties must clearly state the terms of the agreement, including the new priority position.
The purpose of a subordination is to change the priority ranking of different parties in a lending transaction.
The subordination agreement must include details of the existing loan, the new priority rankings, and signatures of all parties involved.
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