If a Buyer is to assume an existing loan as part of a Residential Purchase and Sale Agreement, within how many days after offer acceptance must the Seller provide the buyer with a copy of the promissory note and the last recent monthly loan statement? - 5 days
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- If the buyer intends to assume a loan, a statement indicating that the purchase agreement is contingent upon the buyer qualifying to assume the identified loan type with the interest fixed or adjustable rate years identified. Within 5 calendar days after offer acceptance, the Seller is to provide the Buyer with a copy of the underlying promissory note and the last recent monthly loan statement.
