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FUNDING REQUIREMENTS CHECKLIST DEALER PROVIDED STIPULATIONSContract (Signed, completed, no strikeouts, and assigned without recourse to Southeast Auto Financial Services, LLC) ***Confirm LTV, Term
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Without recourse means that one party is not legally responsible for fulfilling the terms of the agreement.
Any party entering into an agreement that includes the clause 'without recourse' may need to file it.
Fill out the agreement with the necessary terms and conditions, including the 'without recourse' clause.
The purpose is to limit or eliminate legal liability for one party in case of default or non-payment by the other party.
Key details include the names of the parties involved, the terms of the agreement, and the specific obligations that are without recourse.
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