Examlex
A summary of performance (SOP) is required for _____.
Repossess
The act of taking back possession of property by a seller or lender from the buyer or borrower, typically due to failure in payment.
Auction
A public sale in which goods or properties are sold to the highest bidder.
Mortgagee
The lender or financial institution that provides a loan secured by real property.
Financial Institution
An organization that provides financial services to its clients or members, including banks, credit unions, insurance companies, and investment firms.
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