Default Loan Restriction. You may not enter the ESP Program if you have a loan in a default status. You will also be automatically terminated from the ESP Program if an active loan later defaults while enrolled in the program.
Appears in 6 contracts
Samples: Easy Systematic Payment Program Election Agreement, Esp Program Election Agreement, Esp Program Election Agreement
Default Loan Restriction. You may not enter the ESP Program if you have a loan in a default status. You will also be automatically terminated from the ESP Program if an active loan later defaults while enrolled in the program. CHANGES AND OTHER CONTRACT ACTIVITY 6.
Appears in 2 contracts
Samples: Easy Systematic Payment (Esp) Program Election Agreement, Easy Systematic Payment (Esp) Program Election Agreement
