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LSDefine

Simple English definitions for legal terms

no-setoff certificate

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A quick definition of no-setoff certificate:

A no-setoff certificate is a document that a borrower signs to acknowledge that their mortgage is valid for the full amount of the mortgage note. By signing this document, the borrower gives up any defenses they may have had against the mortgage. This document is also known as an estoppel certificate or a declaration of no defenses.

A more thorough explanation:

A no-setoff certificate is a legal document that acknowledges the validity of a mortgage for the full amount of the mortgage note. It is also known as an estoppel certificate or declaration of no defenses. This document ensures that the mortgagor has no defenses to the mortgage.

For example, if a person takes out a mortgage to buy a house, they may be required to sign a no-setoff certificate. This means that they acknowledge that the mortgage is valid and that they cannot use any defenses to avoid paying it back.

Another example is if a business takes out a loan and signs a no-setoff certificate. This means that they cannot use any defenses, such as claiming that the lender breached the loan agreement, to avoid paying back the loan.

noscitur a sociis | no-shop provision

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TGM
18:39
@texaslawhopefully: alas, haven’t even gotten an interview (applied around thanksgiving)
18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
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