Disputed Derogatory Credit Account

Disputed Derogatory Credit Account

Disputed Derogatory Credit Account refers to disputed Charge Off Accounts, disputed collection accounts, and disputed accounts with late payments in the last 24 months. Distributive Share (MMIF) that may be distributed to a Borrower after mortgage insurance termination. Due and Payable (applicable to HECMs only) Due and Payable refers to the point at which a HECM is considered to be in default under the terms of the HECM.