Examples of Scheduled Loan Balance in a sentence
Within thirty (30) days from receipt of written notice from the Lender, the Borrower will pay in cash to Lender an amount equal to the positive difference, if any, between (x) the Actual Loan Balance minus (y) the Scheduled Loan Balance, and such amount will be applied to the Actual Loan Balance.
Within thirty (30) days from receipt of notice from the Lender, the Borrower will pay in cash to Lender an amount equal to the positive difference, if any, between (x) the Actual Loan Balance minus (y) the Scheduled Loan Balance, and such amount will be applied to the Actual Loan Balance.
Within sixty (60) days from receipt of notice from the Lender, the Borrower will pay in cash to Lender an amount equal to the positive difference, if any, between (x) the Actual Loan Balance minus (y) the Scheduled Loan Balance, and such amount will be applied to the Actual Loan Balance.
For the purposes of this Standard it is recommend that a loan be reported as being in arrears where the Current Loan Balance exceeds the Scheduled Loan Balance.
The strong-migration limit in geographically structured populations.Journal of Mathematical Biology, 9(2):101–114, April 1980.[11] Montgomery Slatkin.
Current Loan Balance is equal to or less than the Scheduled Loan Balance, i.e. the loan is not in arrears0 to 30 days>0 days to <=30 days in arrears ( up to 1 monthly payment in arrears)31 to 60 days>30 days to < =60 days in arrears (2 monthly payments in arrears)61 to 90 days>60 days to <=90 days in arrears (3 monthly payments in arrears)90+ days>90 days in arrears (more than 3 monthly payments in arrears) Notes and Clarifications: 1.
In 2012, the Indiana University Public Policy Institute (PPI) utilized primary data as well as national academic and practitioner research to examine the social value created by Greater Indy Habitat for Humanity’s program-related investments and to estimate the monetary value of the organization’s impact.
Scheduled Balance Method – under this method, a mortgage loan is only classified as being in arrears if the Current Loan Balance exceeds the Scheduled Loan Balance irrespective of whether a borrower has any Scheduled Payments past due.
Under this approach borrowers who are in distress and no longer making payments will not be in arrears until the actual loan balance exceeds the Scheduled Loan Balance.
A mortgage loan will be treated in arrears if a payment is missed even though the Current Loan Balance is less than the Scheduled Loan Balance.