The Ability To Pay Policy outlines the company’s due diligence confirming the borrower’s ability to fulfill the requirements of the contract and their ability to repay the principal and interest over the term of the agreement. This protects the lender from potential defaults and the buyer from taking on loans that they cannot afford.

We Can Create This Policy For You

As a lender, you want to focus on making loans and not stressing over compliance policies. The team at Majestic Security, LLC can create this policy for you. To learn more about this policy, call our Mason, OH, team at  513-259-1312.