Sentences with phrase «loan provision allows»

Not exact matches

Gaebler lauded the law's language allowing the SBA to raise its loan guarantee from current levels to as much as 90 percent for some loans, but said «this latest, new rule negates some of those provisions and... doesn't offer much respect to the small business economy, especially when you consider the big role that small business plays in an economic recovery.»

Local regulators also relaxed the collateral requirements for banks lending to SMEs and allowed banks borrowing under the MEII facilities to waive a requirement for a 1.5 - percent general - reserve provision for every loan.

The church decided that Jesus» teaching about loving our enemies superseded even the Old Testament provision allowing Israelites to charge interest on loans to foreigners.

Ghana also guarantees additional free cash flows to the company by allowing them to write - off 7 % interest on all commercial loans from project revenues, when the normal provision is between 2 - 3 %.

One provision in his contract, however, allows him to cancel the agreement if a home loan isn't arranged for him by the end of May.

The Senate version of HR 4210 would give families a $ 300 tax credit for each child under the age of 16; create an income - contingent, direct - loan program; make the interest on student loans tax deductible, and allow deductions for the full appreciated value of property donated to charitable organizations, a provision that is important to colleges and private schools.

The Education Corps is designed to provide tutoring and after - school support but not necessarily to train future teachers.92 The VISTA program matches corps members with a nonprofit organization to perform capacity building and provides yearlong stipends, but it is not intended for provision of direct services.93 The Professional Corps, which specifies teaching as one of its qualified positions, allows participants to access Segal AmeriCorps Education Awards — which recipients can use either for loan forgiveness or for paying tuition and other qualifying educational expenses — but increases residency program costs because residents are prohibited from receiving stipends through AmeriCorps and must therefore be paid through their program or the school district.94 None of these programs were designed for supported entry specifically; thus, programs dedicated to providing a gradual on - ramp to the teaching profession can sometimes find it hard to meet their definitions and requirements.

The legislative history of the 1978 Bankruptcy Reform Act, the law that added a student loan provision to the Bankruptcy Code, is full of comments by members of Congress concerned with the damaging effects of continuing to allow educational debt to be discharged.

A provision in some adjustable - rate mortgages (ARMs) that allows the borrower to change the ARM to a fixed - rate mortgage at specified timeframes after loan origination.

Many of the provisions proposed outlined what violations allowed borrowers to be eligible for loan forgiveness.

Conversion Clause A provision in some ARMs that allows you to change the ARM to a fixed - rate loan at some point during the term.

«The provision does not allow for marketing of expensive loan products that are not beneficial to the consumer, as some have alleged — this is a complete falsehood and flies in the face of all of the Dodd - Frank protections in the current law,» she said.

HUD states that if you or your heirs intend to keep the property, then they will look to you to repay the balance of the loan.so the non-recourse provision protects you and your heirs in the event of sale, it does not allow you to keep the home on a short payoff of the reverse mortgage loan.

We certainly monitor our default rate, and this is one of those canaries in the mines, that if we do not return to provisions that allow for a credit formula that makes sense, we will, indeed, find an increase in the Stafford loan and the corresponding negative impacts that defaults will create.»

And while AccessLex Institute agrees that income - driven repayment plans should be simplified, the proposed bill would eliminate a provision that allows borrowers to have part of their debt forgiven after making payments for 20 or 25 years, ensuring for many financially - challenged, and even insolvent borrowers, a literal lifetime of debt given the effective nondischargability of student loans in bankruptcy proceedings.

«5.51 The Government will therefore include provision in the forthcoming legislation to allow the National Loans Fund to lend to the FSCS.

A provision in an ARM allowing the loan to be converted to a fixed rate at some point during the term.

While good credit is necessary for most home loans, lenders are allowed to set their own minimum credit scores for VA loans — and because of this, they may allow special credit provisions for their VA loan applicants.

Some student loans contain a provision that explicitly allow a co-signer to be removed from a loan.

One of the key provisions of a universal life policy is that most will allow policy holders to take out a loan against the cash value of the policy.

Some companies have provisions that do not allow you to contribute when you've taken a 401k loan out.

One commenter similarly requested clarification about the circumstances in which the Department would include loan debt incurred at another institution, but also suggested that the provision allowing the Department to include loan debt incurred at an institution under common ownership or control was unnecessary, given the proposed changes in § 668.404 (d)(2).

A provision in some adjustable - rate mortgages (ARMs) that allows the borrower to change the ARM to a fixed - rate loan at specified times during the life of the loan.

Most companies that offer UL, IUL, and VUL provide loan provisions that allow for banking.

Nick Timiraos reports: There's two big groups of people who may see little relief from the provision from President Obama's housing plan that would allow more borrowers to refinance: jumbo borrowers with loans that are too big for government financing and homeowners whose first mortgage exceeds 105 % of the value of their home.

Most companies that offer UL, IUL, and VUL provide loan provisions that allow for banking.

Conversion Clause A provision in an ARM allowing the loan to be converted to a fixed - rate at some point during the term.

Cash — When purchasing a property, most state - regulated real estate contracts allow you to put provisions into the contract that state if you can not get the loan you want on the terms you want, you can back out of the deal.

But the law also contained a provision to speed processing of Sec. 502 rural home loans by allowing the Rural Housing Service (RHS) to insure home loans without first requiring lenders to submit each loan to the agency for approval.

Since 1997, some lender groups have tried to change the home - equity provisions of the Texas Constitution to allow a refinance of a home - equity loan to a conventional loan.