Forms 480.6A and 480.6D

BPPR is required by law to send informative statements about any amount of money forgiven to a mortgage customer. If you receive these forms, it is important that you talk to your accountant about the tax impact of this forgiveness, if any.

If you believe that this form does not apply to you, you should contact our Mortgage Servicing representatives so they can provide guidance regarding the process and the necessary information.

You should receive this form on or before February 28 of the year following the closing of a transaction that resulted in a debt forgiveness (for example, short sale or a bankruptcy discharge).

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