Seterus Authorization Form PDF Details

The Seterus Authorization Form serves as a critical document for borrowers who need to appoint third parties to communicate and negotiate with Seterus, Inc. regarding their loans. This form grants a sweeping permission to Seterus, Inc., including its successors and assigns, to divulge detailed information about the borrower’s loan to designated third parties. Such information encompasses current amount due, payment and credit history, loan payoff figures, and records of any credit transactions. Beyond mere information sharing, the form enables these third parties to engage in negotiations for payment plans, forbearance agreements, loan modifications, or other loss mitigation efforts on behalf of the borrower. It also permits these designated agents to give directions about escrow deficiencies and agreements, which are crucial for most loss mitigation options. Borrowers must understand that by signing this authorization, they relinquish certain rights and shield Seterus, its employees, officers, and agents from claims that may arise from the permissions granted. This authorization retains its validity until a written revocation is received by Seterus, Inc., five business days after submission. Additionally, the form includes space for notary acknowledgment, underscoring its legal significance and the necessity for formal authentication of the borrower's signature. It’s important for borrowers to recognize that this form also serves as a communication from a debt collector and contains specific advisories for those in bankruptcy or who have received a bankruptcy discharge. With branches and license information provided for specific states, this document is tailored to comply with regional regulatory demands, ensuring borrowers in different jurisdictions are well informed.

QuestionAnswer
Form NameSeterus Authorization Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesgeneral third party authorization form, third party authorization letter, how third authorization form, how to 3rd party form

Form Preview Example

THIRD PARTY AUTHORIZATION

I/We authorize Seterus, Inc. its successors and/or assigns, Seterus, Inc. to release any and all information regarding my loan to the designated third parties listed below. Such information may include, but is not limited to, the amount due on my loan, payment and credit history, loan payoff(s) and any credit transactions. In addition, I/we authorize Seterus, Inc. to (check all that apply):

_____Negotiate with the designated third parties listed below any and all payment plans, forbearance agreements,

modifications or other loss mitigation solutions.

_____Accept any directions or authorizations from the designated third parties listed below as valid directions or

authorizations from me regarding any escrow deficiencies and agreements to impound for escrow. (An escrow account is required for most loss mitigation options.)

I/We agree to release and hold Seterus, Inc., its employees, officers and agents harmless from any claims based upon the above authorization. This authorization is valid until 5 business days after Seterus, Inc. receives a revocation of this authorization in writing.

Loan Number: ________________________

Property Address: ________________________________________________

 

 

________________________________________________

You may authorize more than one third party.

 

 

 

 

AUTHORIZED AGENTS

 

Third Party Name: _________________________________

Third Party Name: ___________________________________

Phone Number: ___________________________________

Phone Number: ______________________________________

 

 

Primary Borrower Printed Name: _______________________________________________

 

Primary Borrower Signature: __________________________________________________

Date: _________________

Co-Borrower Printed Name: ___________________________________________________

 

Co-Borrower Signature: ______________________________________________________

Date: _________________

NOTARY ACKNOWLEDGMENT FOR THIRD PARTY AUTHORIZATION State of __________________________

County of ________________________

On ________________ before me, ______________________________ personally appeared _________________________,

(Insert name and title of the notary)

who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

I certify under penalty of perjury under the laws of the State of ________________ that the foregoing paragraph is true and

correct.

WITNESS my hand and official seal.

Notary Signature ______________________________ (Seal)

THIS COMMUNICATION IS FROM A DEBT COLLECTOR AS WE SOMETIMES ACT AS A DEBT COLLECTOR. WE ARE ATTEMPTING TO COLLECT A DEBT AND ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE. HOWEVER, IF YOU ARE IN BANKRUPTCY OR RECEIVED A BANKRUPTCY DISCHARGE OF THIS DEBT, THIS LETTER IS NOT AN ATTEMPT TO COLLECT THE DEBT, BUT NOTICE OF POSSIBLE ENFORCEMENT OF OUR LIEN AGAINST THE COLLATERAL PROPERTY. COLORADO: FOR INFORMATION ABOUT THE COLORADO FAIR DEBT COLLECTION PRACTICES ACT, SEE WWW.COLORADOATTORNEYGENERAL.GOV/CA. Seterus, Inc. maintains a local office at 355 Union Boulevard, Suite 302, Lakewood, CO 80228. The office’s phone number is 888.738.5576. NEW YORK CITY: 1331537, 1340663, 1340148. TENNESSEE: This collection agency is licensed by the Collection Service Board of the Department of Commerce and Insurance. Seterus, Inc. is licensed to do business at 14523 SW Millikan Way, Beaverton, OR.

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Jot down the data in the CoBorrower Printed Name, CoBorrower Signature, Date, NOTARY ACKNOWLEDGMENT FOR THIRD, State of, County of, On before me personally appeared, Insert name and title of the notary, who proved to me on the basis of, I certify under penalty of perjury, WITNESS my hand and official seal, and Notary Signature Seal area.

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