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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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22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
Dkk
9:07
@renard99: man, hard to find.
Dkk
9:07
@glovediedthisishismom: Congrats on the snow.
Dkk
9:16
@renard99: Poetic and nice.
9:42
My name is renard99 and I just sent @babycat feet pics
glovediedthisishismom
9:42
nobody is at the office today they should let little glovey go home and watch harry potter
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