Total loan amount definition

Total loan amount means the principal of the loan minus those
Sample 1Sample 2Sample 3
Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]
Sample 1Sample 2Sample 3
Total loan amount means the principal of the loan minus those points and fees as defined in this section that are included in the principal amount of the loan. For open-end loans, the total loan amount shall be calculated using the total line of credit allowed under the home loan.
Sample 1Sample 2Sample 3

Examples of Total loan amount in a sentence

  • However, if you receive a loan under this Agreement to fund an Eligible STEM Certificate Program, but not an Eligible Major, then you must use your Total Loan Amount for just the direct course expenses related to your Eligible STEM Certificate Program and not for other School Costs, including life expenses or other miscellaneous costs as listed in the definition of School Costs.

  • Your school can withdraw your applicable School Costs from the Total Loan Amount we disburse for you and then issue any leftover money to you.

  • We will not disburse any money under your loan for at least three (3) business days after you receive the Final Disclosure, giving you time to cancel this Agreement or reduce the amount of money to be disbursed to you (aka your Total Loan Amount).


More Definitions of Total loan amount

Total loan amount means the same as the term “ total loan amount” means in Section 226.32 of Title 12 of the Code of Federal Regulations and must be calculated in accordance with the Federal Reserve Board’s Official Staff Commentary to that section.
Sample 1Sample 2Sample 3
Total loan amount means, as of a particular time, the entire outstanding Principal amount and accrued unpaid Interest on this Note.
Sample 1Sample 2Sample 3
Total loan amount means the principal of the loan minus those points and fees as
Sample 1Sample 2Sample 3
Total loan amount means the same as the term 'total loan amount' as
Sample 1Sample 2Sample 3
Total loan amount means the sum of (i) the unpaid Loan Amount and
Sample 1Sample 2Sample 3
Total loan amount means, at any time, the aggregate outstanding principal amount of the Advance.
Sample 1Sample 2Sample 3
Total loan amount or “Loan.” Although a Senior Note will be issued initially to each Investor in the principal amount of the Senior Note Subscription Amount, the Loan Amount shall be adjusted from time to time in the records of the Company to reflect increases in the Loan by such Investor, as provided in Sections 1.2(b), 1.2(c) or 1.2(d), and the accrual and payment of interest and principal with respect to the Senior Note (without distinction, “Senior Note Adjustment”). Adjustments to principal will be reported on the Investor’s monthly account statement. Upon no less than two (2) business days’ prior written request, the Company will certify to a Senior Noteholder the current Loan Amount and the cumulative Senior Note Adjustments with respect to the Senior Noteholder’s Senior Note effective as of the last day of the immediately preceding month.
Sample 1Sample 2Sample 3