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What if the policy was used as collateral on a loan?

April 26, 2017collateral loan policy Used

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What if the policy was used as collateral on a loan?

1 Answer

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Posted

If there is a balance still due on the loan, we will need a statement from an officer of the bank telling us the amount of the outstanding debt. If the loan has been paid off, then we simply need for the officer of the bank to send us a note to release us from the assignment. Please advise us where we may send this form to obtain this release.