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Highlight Text Forbearance Agreement Template

Highlight Text Forbearance Agreement Template

Aug 6th, 2022

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How to Highlight Text Forbearance Agreement Template

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Forbearance is defined by Merriam-Webster as the act of refraining from enforcing a debt, right, or obligation. It is commonly applied in situations like student loans when graduates cannot afford to make payments. Recently, forbearance has gained traction in mortgage payments due to economic challenges following the COVID-19 crisis. While it may offer temporary financial relief, it is important to note that forbearance does not eliminate the borrower's obligation to repay the loan or any accumulated interest during the forbearance period. Thus, borrowers should be aware that forbearance is not a permanent solution to their financial obligations.

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