Authorization to Close-Out Home Equity Line of Credit
[Pages:1]Authorization to Close-Out Home Equity Line of Credit
Customer Name(s):___________________________________
*** We are in receipt of your payoff request. Please complete the following form and fax it back to our office at (856) 917-2870. Our processing time is 48-72hrs from time of receipt**
Home Equity Service Center 4001 Leadenhall Road Mt. Laurel, NJ 08054 Attn: Mail Stop SV-24
Please close out Home Equity Credit Line Number: ________________________
I authorize you to release payoff information to: _____________________________________________________________________________ _____________________________________________________________________________
Phone No : (______) _____________________ Fax No: ( ______) __________
Payoff Good Through Date: ________________
The property is being refinanced / sold (please circle one if applicable).
My mailing address is as follows (if changed) _____________________________________________________________________________ _____________________________________________________________________________
My telephone number is: (_______) ________________________
Initial Here: _____
I/We understand that once the account is closed, I/We promise not to use the account further And will return all checks and Visa cards issued in connection with the line of credit. In addition, by signing this authorization form I am agreeing that once the payoff statement has been issued, my line of credit will be frozen and no additional activity will be permitted without expressed written request.
Sincerely,
_________________________ Borrower (Signature Required)
__________________________________ Co- Borrower (Signature Required/If Applicable)
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