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The video tutorial explains how to make a name change on a contract. If it's a simple name change due to marriage or divorce, a name affidavit can be prepared and signed by the same person with a different name. In the case of a buyer, the lender must be informed about the name change. If the change is due to marital status, it may impact the loan underwriting process. It is important for the ID used at closing to match the new name, and the notary must use the name on the ID. If it's a change of buyers, additional steps must be taken.