• Jeffery W. Johnson

Most loans funded by financial institutions pay as agreed according to the legal documents supporting these transactions. However, there are situations in which borrowers face financial difficulties thus causing them not to pay their obligations on a timely basis or not at all. Regulators discovered that a well-planned and managed workout arrangement is often in the best interest of the financial institution and the borrower. If a workout arrangement is required in order to keep the borrower pay
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