Posted by MsRobbo on 5/20/05 6:53pm
Msg #39399

Doc Question

I have a closing scheduled for Saturday and have a question about one of the docs. What is the allonge to note? Can't find anything in the search menu. Can anyone help?

Reply by SarahBeth_CA on 5/20/05 7:02pm
Msg #39405

I googled it and found on answers.com which said it was a french word

Allonge

A sheet of paper attached to a bill of exchange for the purpose of documenting endorsements.

Investopedia Says: The need for an allonge arises due to the lack of space on the bill itself for additional endorsements. Because a bill of exchange is transferable through endorsement, it may be exchanged among so many parties that these parties don't all fit on the bill. In this case, a separate piece of paper - the allonge - is attached to the bill, acting as a legal extension of the document.

See Also: Bill Of Exchange
see rider.
Use 3 for rider:
An amendment or addition to a document or record. Also called allonge.

Reply by Roger/OH on 5/20/05 9:08pm
Msg #39417

That doc is not for you; just return it in the package. It's in case there is further activity with the loan later.

Reply by ERNA_CA on 5/20/05 10:23pm
Msg #39434

Probaly means the loan has allready been sold, we dont do anything with it.
Corporation Assignment of Deed of Trust .same thing. not for us.

Reply by YVONNECA on 5/21/05 3:36am
Msg #39487

SarahBethCA, where were you when I needed that term paper done great research, I know who to direct my questions to next time.