Unapplied Funds definition

Unapplied Funds means funds which are unable to be credited to the account nominated by a Subscriber within the Settlement Schedule.
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Examples of Unapplied Funds in a sentence

  • Even if he had, however, the USDA made no attempt to point to a provision of the note that authorized funds to be placed in an Unapplied Funds Account.

  • The record does not contain the Debtor’s monthly mortgage statements for June, July, August, or September, 2009.column reflecting that the Debtor was, at that time, two full payments in arrears.10 As such, nothing on the face of the monthly mortgage statements from this point forward disclosed that the USDA credited payments and held balances in the Unapplied Funds Account.

  • Five lines down, there is a non-chronological entry indicating that on the same date, $347.68 was drawn from the Unapplied Funds Account even though that account did not have sufficient funds to cover that payment until September 16, 2009.

  • From September 1, 2009, until at least January 17, 2014, the USDA repeatedly placed funds received from the Debtor into the Unapplied Funds Account, often accumulating funds in excess of a mortgage payment, while simultaneously asserting that he was delinquent.

  • The end of each of the Amended Loan Histories contain a series of entries identified as “Funds Reversed Due to Corrections,” which are followed by a series of entries labeled “Payment Applied.” It appears the USDA attempted to correct its accounting by transferring all funds previously applied to payments into the Unapplied Funds Account, and then re-applying those funds to payments beginning with the November 19, 2009.

  • The Debtor testified as much, and the omissions and errors in the Amended Loan History, particularly the balance of the Unapplied Funds Account, support this conclusion.

  • In statement C6, the amount reflected in Unapplied Funds (Pre-Petition) apparently reflects the Chapter 13 treatment because there is no contractual pre-petition arrearage amount.

  • In the event the Company cancels this Agreement with the Customer, it agrees to refund the Unapplied Funds that were paid by the Customer since the last Service Cleaning.

  • Wells Fargo was holding $2,002.63 of Plaintiff’s money in an Unapplied Funds account.

  • We credited the $1,007.82 to the Unapplied Funds balance on your loan .

Related to Unapplied Funds

  • Pooled Fund means any pooled fund established and maintained by the Partners as a pooled fund in accordance with the Regulations;

  • Interest Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.23 of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Benchmark 2019-B12 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B12, Interest Reserve Account” and which shall be an Eligible Account.