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STATE OF OREGON HOUSING AND COMMUNITY SERVICES DEPARTMENT REPAYMENT AND COMPLETION GUARANTY AGREEMENT This Repayment and Completion Guaranty Agreement (this Guaranty) is made and entered into as of
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How to fill out repayment and completion guaranty

01
Obtain the repayment and completion guaranty form from the appropriate source
02
Fill out the form with accurate information about the project, borrower, guarantor, and other relevant details
03
Provide any necessary supporting documentation, such as financial statements or legal agreements
04
Review the completed form for accuracy and completeness before submitting it to the appropriate party

Who needs repayment and completion guaranty?

01
Lenders and financial institutions typically require repayment and completion guaranty to protect their investments in a project or loan
02
Borrowers may also need to provide this guaranty to demonstrate their commitment to fulfilling the terms of the agreement
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A repayment and completion guaranty is a financial assurance provided by a third party to guarantee that a borrower will repay a loan and that a project will be completed as agreed.
Borrowers seeking financing from lenders may be required to file a repayment and completion guaranty, particularly in real estate and construction projects.
To fill out a repayment and completion guaranty, you need to provide details such as the loan amount, project description, borrower information, and terms of the guarantee, ensuring all sections are completed accurately.
The purpose of a repayment and completion guaranty is to protect the lender's investment by ensuring that the borrower meets their financial obligations and that the project is completed satisfactorily.
Information that must be reported includes the names of the guarantors, type and amount of the loan, project details, any covenants, and the terms of the guaranty.
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