CategoryRehabbing

Denial of Credit

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Sample Denial Of Credit Sample Denial Of Credit what does denial of credit mean? A credit denial occurs when a borrower’s application for credit is turned down by a financial institution. Applicants who are deemed to be high risk are often denied by banking firms. The most common reason for a loan application to be denied is negative information that appears on a lender’s credit...

Damage Clause

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Sample Damage Clause What is a damage clause? In circumstances in which it is impossible to identify the real damages sustained, liquidated damages are intended to serve as a reasonable depiction of those losses. In most cases, the goal of the calculation of liquidated damages is to be equitable rather than punitive. It is possible for a particular clause in a contract to make reference to...