estoppel certificate definition

estoppel certificate

Signed document establishing certain facts which the signing party may not later contradict, dispute, or recant. In case of a mortgage, for example, estoppel certificate is issued by the mortgagee to the mortgagor stating the unpaid principal balance of a mortgage, its interest rate, and any other related information. It is used to preclude the possibility of a claim that the actual unpaid balance or applicable interest rate is different.

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