Program Loan definition

Program Loan means a consumer finance loan with a
Program Loan. A Mortgage Loan evidenced by a Note amended to reflect the participation of the Mortgagor thereunder in a loan program created by the Company to encourage timely mortgage loan payments from certain borrowers through the use of an automatic interest rate reduction mechanism.

Examples of Program Loan in a sentence

  • The Applicant shall agree to execute or cause to be executed all of the MMRB Program Loan Documents required by the Corporation to secure the unconditional payment of the MMRB Loan and to retain the tax-exempt status of the Bonds, if Bonds are issued as Tax-exempt Bonds.

  • For loans of $150,000 or less, Applicant will provide documentation substantiating the decline in gross receipts upon or before seeking loan forgiveness for the Second Draw Paycheck Protection Program Loan or upon SBA request.

  • The Applicant received a First Draw Paycheck Protection Program Loan and, before the Second Draw Paycheck Protection Program Loan is disbursed, will have used the full loan amount (including any increase) of the First Draw Paycheck Protection Program Loan only for eligible expenses.

  • The Applicant has not and will not receive another Second Draw Paycheck Protection Program Loan.

  • Report and Recommendation of the President to the Board of Directors: Proposed Loans and Technical Assistance Grant to the People’s Republic of Bangladesh for the Dhaka Water Supply Sector Development Program (Loan 2382 and 2383-BAN).


More Definitions of Program Loan

Program Loan means a commercial loan made by the Lender (or one of its Affiliates) to a third party that is included in a pool of loans formed by the Lender (or one of its Affiliates).
Program Loan means a loan made by the Corporation to a Community Based Lending Organization.
Program Loan means a CHESLA Refinance Loan.
Program Loan means a consumer finance installment
Program Loan means a loan awarded by the Department to an
Program Loan means a loan granted to Borrower under the Program pursuant to this Loan Agreement.
Program Loan means a loan made pursuant to a program of the department.¶