Top 10 Legal Questions About Home Equity Agreements (HEA) Question Answer 1. What is a home equity agreement (HEA)? A home equity agreement (HEA) is a legally binding contract between a homeowner and a financial institution, allowing the homeowner to access the equity in their home in exchange for agreed-upon terms and conditions. 2. […]
Pro Rata Legal Definition: Your Top 10 Questions Answered Question Answer 1. What does „pro rata” mean in legal terms? Pro rata is a Latin term that translates to „in proportion.” In legal terms, it refers to the proportional allocation of something based on a specific factor or criteria. It ensures that each party […]
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