Common use of First-time homebuyer Clause in Contracts

First-time homebuyer. You may take payments from your Xxxx XXX to use toward qualified acquisition costs of buying or building a principle residence. The amount you may take for this reason may not exceed a lifetime maximum of $10,000. The payment must be used for qualified acquisition costs within 120 days of receiving the distribution.

Appears in 17 contracts

Samples: Roth Ira Account Application & Agreement, Customer Account Agreement, Roth Ira Account Application & Agreement

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First-time homebuyer. You may take payments from your Xxxx XXX to use toward qualified acquisition costs of buying or building a principle principal residence. The amount you may take for this reason may not exceed a lifetime maximum of $10,000. The payment must be used for qualified acquisition costs within 120 days of receiving the distribution.

Appears in 2 contracts

Samples: Individual Retirement Custodial Account Agreement, Traditional Ira Adoption Agreement

First-time homebuyer. You may take payments from your Xxxx XXX to use toward qualified acquisition costs of buying or building a principle principal residence. The amount you may take for this reason may not exceed a lifetime maximum of $10,000. The payment must be used for qualified acquisition costs within 120 days of receiving the distribution.. 8) IRS levy. Payments from your XXX made to the

Appears in 1 contract

Samples: Ira Plan Agreement

First-time homebuyer. You may take payments from your Xxxx XXX to use toward qualified acquisition costs of buying or building a principle principal residence. The amount you may take for this reason may not exceed a lifetime maximum of $10,000. The payment must be used for qualified acquisition costs within 120 days of receiving the distribution.. 8) IRS

Appears in 1 contract

Samples: Roth Ira Plan Agreement

First-time homebuyer. You may take payments from your Xxxx XXX to use toward qualified acquisition costs of buying or building a principle residence. The amount you may take for this reason may not exceed a lifetime maximum of $10,000. The payment must be used for qualified acquisition costs within 120 days of receiving the distribution.qualified

Appears in 1 contract

Samples: Traditional and Roth Ira Plan Agreement & Disclosure

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First-time homebuyer. You may take payments from your Xxxx XXX to use toward qualified acquisition costs of buying or building a principle principal residence. The amount you may take for this reason may not exceed a lifetime maximum of $10,000. The payment must be used for qualified acquisition costs within 120 days of receiving the distribution.. 8) IRS levy. Payments from your Xxxx XXX made to the

Appears in 1 contract

Samples: Ira Plan Agreement & Disclosure

First-time homebuyer. You may take payments from your Xxxx XXX to use toward qualified acquisition costs of buying or building a principle residence. The amount you may take for this reason may not exceed a lifetime maximum of $10,000. The payment must be used for qualified acquisition costs within 120 days of receiving the distribution.. 8) IRS levy. Payments from your Xxxx XXX made to the U.S. government in response to a federal tax levy are not subject to the

Appears in 1 contract

Samples: Roth Individual Retirement Account Custodial Agreement

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