VIDEO: How and When to File a DLR Notice

There are two types of distressed loan notices: a non-foreclosure notice; and a 45-day foreclosure notice.

Christ Myatt, an attorney with Nexsen Pruet, discusses How and When to File a DLR Notice. A distressed loan restructuring notice is commonly referred to as a DLR notice. Once a loan has been found by an Association to be distressed, the Farm Credit Act requires that the borrower be provided with a DLR notice.

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