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E-Signature – Typically known as an electronic signature this needs a software package which binds your signature or Several other mark to the doc. The E-signal bill was passed by the government in June 2000 which legalizes this signature.
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Secured loan – That is a loan in which the borrower will pledge his asset similar to a auto or house which will be bought if he is not able to pay back again the loan.
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Foreclosure – This can be a authorized system during which collateral that's been pledged for just a loan may be marketed so that you can repay the loan When the borrower defaults.
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