Common use of Deferment Information Clause in Contracts

Deferment Information. (i) You must notify us as soon as possible if you have a Qualifying Circumstance that would make you eligible for a Deferment Period and provide supporting documentation acceptable to us (“Documentation for Deferment”). (ii) If you are in a Deferment Period, you must notify us as soon as possible when you are no longer eligible for that Deferment Period and provide us with relevant Formal Earned Income Documentation or Informal Earned Income Documentation so that we can compute an updated monthly payment amount. If your ISA is in a deferment status, you agree to provide us with updated documentation to re-verify your Documentation for Deferment at any time we request such information.