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Tag Archives: File Review

The Ox and the Ditch: FAQ – Reduce the Commitment? Monthly Statements? New Written Agreements?

Posted in 1 Guest Writers, Tough Times for Lenders, Training, Workout Issues

Guest Writer: Brenda Brown, Winstead PC More from ourTough Times FAQs series: FAQ #4 –  Do I need to reduce the commitment amount after sending a Notice of Default? Typically, no – once the loan is declared to be in default, or once the maturity of the loan is accelerated, the lender has no on-going funding… Continue Reading