Sentences with phrase «if death of the borrower»

Not exact matches

In the tragic circumstance of a borrower's death, the EDvestinU loan will be discharged by providing a certified copy of the death certificate to the loan servicer, even if a cosigner remains on the loan.

If you have Federal student loans, they are discharged upon death of the borrower.

Yes, upon the death of the benefitting student, if the borrower dies and there is no cosigner, and if there is a cosigner, the loan will be forgiven only as to the deceased party.

The loan will be discharged if a family member or other representative provides the loan servicer acceptable documentation of the borrower's or parent's death.

Loan forgiveness granted for death or permanent disability of the borrower or if the student on whose behalf a parent obtained the loan dies

Exception: A lender may make an exception to this rule for a borrower in default on a mortgage at the time of the short sale if the default was due to circumstances beyond the borrower's control, such as the death of a primary wage earner or long - term uninsured illness, and a review of the credit report indicates satisfactory credit before the circumstances beyond the borrower's control that caused the default.

Exception: The lender may grant an exception to the three - year requirement if the foreclosure was the result of documented extenuating circumstances that were beyond the control of the borrower, such as a serious illness or death of a wage earner, and the borrower has re-established good credit since the foreclosure.

Federal student loan borrowers are eligible for the cancellation of their loans if they are totally and permanently disabled or due to death.

The cosigner agrees to pay the loan if the borrower can not do so, regardless of the reason (including unemployment, death, or disability).

If the loan is repaid before the borrower's death, the assignment is removed and the lender is no longer the beneficiary of the death benefit.

However, if your federal loans are Parent Plus loans, although they'll still die with you as the borrower, your parents will most likely have to provide the loan servicer with acceptable documentation of your death, like the original, certified, or photocopied version of the death certificate.

If you're wondering about student loan debt, the government forgives federally guaranteed student loans in the event of a borrower's death.

In case the Master Policy is issued under Lender - Borrower category to any of the «Regulated Entities», the Member shall have an option to issue an authorization in favour of insurer to the effect that in the unfortunate event of the Member's death during the Coverage Term, the claim amount, if any payable under the Master Policy shall first be utilized for payment to Master Policyholder for the outstanding loan amount as specified in Master Policyholder's Credit Account Statement and the balance amount, if any, payable under the Master Policy will be payable to the Member's Nominees / legal heirs or legal representatives (as applicable).

Three years, but the FHA may grant an exception if the foreclosure was a result of serious illness or death of a wage earner and the borrower has reestablished good credit.

Exception: A lender may make an exception to this rule for a borrower in default on a mortgage at the time of the short sale if the default was due to circumstances beyond the borrower's control, such as the death of a primary wage earner or long - term uninsured illness, and if a review of the credit report indicates satisfactory credit before the circumstances beyond the borrower's control that caused the default.

If you're tempted to exclude somebody younger to get a higher payout, be very careful because a younger spouse would have to move out at the death of an older borrower if the younger person is not included in the loaIf you're tempted to exclude somebody younger to get a higher payout, be very careful because a younger spouse would have to move out at the death of an older borrower if the younger person is not included in the loaif the younger person is not included in the loan.