Original Amount Financed definition
Original Amount Financed means, with respect to a Receivable and as of the date on which such Receivable was originated, the aggregate amount advanced under the Receivable toward the purchase price of the Financed Vehicle, including accessories, vehicle delivery fees, insurance premiums, service and warranty contracts and other items customarily financed as part of automobile and light truck retail installment sale contracts or direct purchase money loans and related costs.
Original Amount Financed means, with respect to a Contract and as of the date on which such Contract was originated, the aggregate Principal advanced under the Contract toward the purchase price of the Financed Vehicle.
Original Amount Financed is the amount stated on the applicable Transaction.
Examples of Original Amount Financed in a sentence
The inventory listing must include: Account Number, Name, Date of Loan, Loan Type, Amortization Method, Frequency of Payment, interest Rate, Original Amount Financed, Current Balance, Original Term, Remaining Term, Monthly Payment, Last Payment Date, Maturity Date, Next Payment Date, Appraised Value, Loan to Value, and Debt Service Coverage Ratio.
No Receivable has been amended or otherwise modified such that the number of originally scheduled due dates is increased or such that the Original Amount Financed is increased.