Uniform Laws Update: ULC Announces New Study Committee on Mortgage Loan Modification

Benjamin Orzeske

Uniform Laws Update provides information on uniform and model state laws in development as they apply to property, trust, and estate matters. The editors of Probate & Property welcome information and suggestions from readers.

Modification of a mortgage loan is a common occurrence. The parties to a loan transaction might agree to change the interest rate, extend the payback period, increase the principal amount of the mortgage debt, or add or subtract collateral.

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