Reducing normal monthly payments for a fixed period of time & paying the arrears in a lump sum is call?
Posted by MarkAug 9
Here I will rewrite the entire question.
Suspending or reducing normal monthly payments for a fixed period of time & paying the arrears in a lump sum or by a long-term payment plan is call?
Thank you in advance for your answers.
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It sounds like you are referring to a "modification agreement"