Common use of Interest Payments Due Clause in Contracts

Interest Payments Due. If the Lender intends to collect on the interest payments that were expected through this loan as calculated and scheduled at the time of this paperwork’s execution in response to the Borrower submitting payment early, then the first option in the “Prepayment Penalty” must be selected. (20)

Interest Payments Due. If the Lender intends to collect on the interest payments that were expected through this loan as calculated and scheduled at the time of this paperwork’s execution in response to the Borrower submitting payment early, then the first option in the “Prepayment Penalty” must be selected. (20).