Forbearance Agreement - FOLIO Ontology

Identification

IRI:

https://folio.openlegalstandard.org/R7ISt5mBRRPmYrtcTJUcUXc

Label Forbearance Agreement

Preferred Label N/A

Identifier N/A

Alternative Labels

None

Definition

A Forbearance Agreement is a temporary modification to a loan contract that allows a borrower to reduce or suspend payments due to financial hardship. The agreement outlines the duration of the forbearance, any fees involved, and the terms under which regular loan payments will resume.

Class Relationships

Sub Class Of

• Debt Supplemental Agreement

Is Defined By

N/A

Class Hierarchy Visualization

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Additional Information

Metadata

Comment

None

Description

None

Notes

• None

Editorial Information

History Note

None

Editorial Note

None

Deprecated

No

Source and Origin

No source or origin information available