What Happens If a Lender Stops Sending Statements? | NC

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Q: What happens if a lender stops issuing statements after a deceased person's loan is charged off? A: If a lender stops sending statements after a charge off, that usually does not mean the debt is gone. A charge off is often just the lender's accounting treatment of the loan. The personal representative can still ask for records needed to administer the estate — including the payoff amount,…