Nonaccrual loan definition

Nonaccrual loan means any loan where—
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Nonaccrual loan means a loan defined in 12 CFR 621.2(a)(15).
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Nonaccrual loan means a loan defined as a nonperforming loan in 12 CFR 621.2(a)(17).
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Examples of Nonaccrual loan in a sentence

  • Nonaccrual loan relationships that meet the Company’s balance threshold of $250 and all TDRs are designated as impaired.

  • Nonaccrual loan volume, the largest component of nonperforming assets, represented 0.40 percent of total loans at March 31, 2023 compared to 0.35 percent at December 31, 2022.

  • I chose to study Mental Health Nursing because it is close to my heart.

  • Nonaccrual loan volume to gross loan volume was 1.39 percent at September 30, 2021.

  • Nonaccrual loan volume to gross loan volume was 1.28 percent at June 30, 2021.

  • If people have not signed out and do not report in, they may be considered missing and possibly still be thought to be within the building.

  • Nonaccrual loan volume to gross loan volume was 1.26 percent at June 30, 2019.

  • Nonaccrual loan volume at June 30, 2016 increased $4,059 due to several loans being downgraded to nonaccrual status.Nonaccrual loan volume to gross loan volume was 1.88 percent at June 30, 2016.

  • Nonaccrual loan volume to gross loan volume was 1.26 percent at September 30, 2019.

  • Nonaccrual loan volume was $6,561 at March 31, 2023, compared to $9,839 at December 31, 2022 and $4,391 at March 31, 2022, a decrease of $3,278 and an increase of $3,278, respectively.

Related to Nonaccrual loan

  • Buydown Loan A Mortgage Loan for which the Mortgage Interest Rate has been subsidized through a Buydown Fund provided at the time of origination of such Mortgage Loan.

  • Group II Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group II Loans.

  • Funding Loan means the Funding Loan in the original maximum principal amount of $ made by Funding Lender to Governmental Lender under the Funding Loan Agreement, the proceeds of which are used by the Governmental Lender to make the Borrower Loan.

  • VA Loan means a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate, or a Mortgage Loan which is a vendor loan sold by the VA.

  • SOFR Loan means a Loan that bears interest at a rate based on Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that, such Loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • Balloon Loan Any Mortgage Loan which, by its terms, does not fully amortize the principal balance thereof by its stated maturity and thus requires a payment at the stated maturity larger than the monthly payments due thereunder.

  • LPMI Loan A Mortgage Loan with a LPMI Policy.

  • Net Aggregate Prepayment Interest Shortfall With respect to any Distribution Date, the amount, if any, by which (a) the aggregate of all Prepayment Interest Shortfalls incurred in connection with the receipt of Principal Prepayments on the Mortgage Loans during the related Due Period, exceeds (b) the aggregate amount deposited by the Master Servicer in the Certificate Account for such Distribution Date pursuant to Section 3.19 in connection with such Prepayment Interest Shortfalls.

  • RFR Loan means a Loan that bears interest at a rate based on the Adjusted Daily Simple SOFR.

  • Group I Loans The Mortgage Loans designated on the Mortgage Loan Schedule as Group I Loans.

  • Undercollateralized Group As defined in Section 4.03.

  • ARM Loan A Mortgage Loan, if any, the Mortgage Interest Rate of which is subject to periodic adjustment in accordance with the terms of the related Mortgage Note.

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • Discount Loan The Loans having Pass-Through Rates of less than 6.75%.

  • Unsubsidized Xxxxxxxx Loan means a Loan made pursuant to Section 428H of the Higher Education Act.

  • B/A Equivalent Loan has the meaning assigned to such term in Section 2.06(j).

  • Extended Loan shall have the meaning assigned to such term in Section 2.26(a).

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Undercollateralized Amount With respect any Certificate Group and Distribution Date, the excess of (i) the aggregate Certificate Principal Balance of such Certificate Group over (ii) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group, in each case calculated on such Distribution Date after giving effect to distributions to be made thereon (other than amounts to be distributed pursuant to Section 4.02(i) on such Distribution Date).

  • Interest Subsidy Payments means payments, designated as such, consisting of interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.