Extra Payments. An extra payment is not credited to a scheduled install- ment and does not relieve the bor- rower’s responsibility to make sched- uled loan installments, but will reduce the borrower’s FLP indebtedness. Extra payments are applied to FLP loans in order of lien priority except for refunds of unused loan funds, which shall be applied to the loan for which the funds were advanced.
Appears in 4 contracts
Samples: www.govinfo.gov, www.govinfo.gov, www.govinfo.gov
