Maximum Recapture Tax. The maximum recapture tax that you may be required to pay as an addition to your federal income tax is $ [insert the actual dollar amount resulting from the product of 6.25% multiplied by the highest principal amount of the mortgage loan]. This amount is 6.25% of the highest principal amount of your mortgage loan and is your federally subsidized amount with respect to the loan.
Appears in 6 contracts
Samples: Lender Participation Agreement, Lender Participation Agreement, Lender Participation Agreement
Maximum Recapture Tax. The maximum recapture tax that you may be required to pay as an addition to your federal income tax is $ [insert the actual dollar amount resulting from the product of 6.25% multiplied by the highest principal amount of the mortgage loan]. This amount is 6.25% of the highest principal amount of your mortgage loan and is your federally subsidized amount with respect to the loan.amount
Appears in 1 contract
Maximum Recapture Tax. The maximum recapture tax that you may be required to pay as an addition to your federal income tax is $ [insert the actual dollar amount resulting from the product of 6.25% multiplied by the highest principal amount of the mortgage loan]. This amount is 6.25% of the highest principal amount of your mortgage loan and is your federally subsidized amount with respect to the loan.
Appears in 1 contract
Maximum Recapture Tax. The maximum recapture tax that you may be required to pay as an addition to your federal income tax is $ $____________ [insert the actual dollar amount resulting from the product of 6.25% multiplied by the highest principal amount of the mortgage loan]. This amount is 6.25% of the highest principal amount of your mortgage loan and is your federally subsidized amount with respect to the loan.
Appears in 1 contract
Samples: Lender Participation Agreement
