Sentences with word «guarantor»

A guarantor is someone who promises to take responsibility for paying someone else's debt if they are unable to do so. Full definition
Optional provisions include the listing of guarantors of the loan and references regarding past credit transactions.
First of all, the instruments of the ESM «demonstrate that the ESM will not act as guarantor of the debts of the recipient Member State.
Now the City of Los Angeles is bringing a suit against the financial guarantors for forcing them to buy unnecessary municipal bond insurance.
In the short run, I viewed the rating agencies and financial guarantors as co-dependent.
Good APRs for guarantor loans tend to hover around the 49.5 % APR rate.
The EU calls on Russia, Turkey and Iran to live up to their commitments as guarantors in this regard,» the statement said, requesting the United Nations Security Council to come together.
But one aspect of the global real estate exchange remains a gamble: How to deal with guarantors who stash money in foreign property when their construction projects or acquisitions come up short?
It is really a business decision for the lender to determine whether it would receive more money by accepting the Farmington Short Sale, or completing a foreclosure, reselling the property, and pursuing personal liability (i.e., deficiency judgment against the borrower and / or claims against guarantors, for loans on which those remedies are available.)
«The only way to resolve this was for me to be a personal guarantor of the amount owed,» he said.
God is attentive, but not available, not on call, not patron, not guarantor.
Nor can you rely on other factors that are routinely trotted out as good guarantors of innovation.
This steady housing recovery has meant good things for mortgage guarantors Fannie Mae and Freddie Mac.
Shopping center REITs will often retain similar information from guarantors of leases.
The account will require a personal guarantor who will be responsible for all debts.
Reedsy acts as a third - party guarantor for authors in their collaborations on the platform, so it is our duty to keep monitoring our professionals» work on the marketplace.
The trial judge awarded $ 100,152 in contractual attorney's fees after City won, triggering an appeal by guarantor.
References to periods of extension or holding over were introduced as a drafting response to the House of Lords ruling in City of London Corporation v Fell [1993] 4 All ER 968 and was designed to ensure that the liability of former tenants or guarantors did not fall away when the lease reached its contractual expiry date.
West Western churches became guarantors of theological schools of thought Western church membership is often contingent on fine points of doctrine Some western Christians believe that definite beliefs are incompatible with tolerance The atmosphere arose in which anyone could start a church
Additionally, the company services loans owned by the Department of Education, and other guarantors of Federal Family Education Loan Program (FFELP) loans.
Additionally, family members were not eligible as guarantors under the old policy, but became eligible under the new policy.
A jumbo loan applies to mortgage loans that exceed the limit — currently $ 417,000 for a one - unit property — to be backed by the government - sponsored loan guarantors Fannie Mae and Freddie Mac.
A cosigner or guarantor agrees to make payments in the event that the primary borrower is unable to do so.
Older generations view money as the only guarantor of safety, and younger generations were raised to revere wealth.
Guarantors provide «thought insurance» so you don't have to analyze the bond that they guarantee.
With this in mind, students could miss payments without the accountable guarantors even knowing until they see the marks on their credit statements.
To qualify for guarantor release from Sallie Mae, you must make 12 months of on - time student loan payments.
That will cost them future revenues to cut the ratings of the major guarantors, but it might save their larger franchises.
From the «New Guarantor Policy» section: Historically, two criteria have been used to assess the appropriateness of the list of professional or occupational groups eligible to act as...
But the affidavit offered by the book is, I think, intended to be a profoundly personal testimony» in some ways perhaps more so than anything else he has ever written» and thus he does not hesitate finally to assert that it is the immanence of the divine that must stand for any radical hermeneutics as the ultimate guarantor of meaning.
The charlatans selling off instruments composed of risky home loans pulled a fast one, leaving Uncle Sam as guarantor holding the bag - while they walked away holding the money from the sales of the investment instruments.
The last time financial guarantors went broke in a major way was during the Great Depression.
It also benefits co-signers and guarantors because it doesn't have to come out of their pocket.
Does a business card's guarantor own its rewards points?
Students need cosigners, which are also called guarantors, when they do not have strong enough credit or little - to - no income.
Make sure the would - be guarantor takes independent legal advice and talks to a mortgage broker before they agree to anything.
Rather than put forth a costly effort to be known, it is cheaper to get the bonds wrapped by a well - known guarantor; not only does it increase perceived creditworthiness, it increases liquidity, because portfolio managers can skip a step in thinking.
Terrorism and torture tend to occur most where governments are not restrained by a democratically authorized constitution, where legal systems have little independence from military control, and where state authorities understand themselves to be the sole guarantors of order, development and stability.
If recovery is not possible without litigation then our Insolvency and Restructuring team can use its considerable experience to bring court proceedings or bankruptcy proceedings against individual guarantors and, if necessary, resist applications to set aside statutory demands.
As it happens, a small vestige of the old guarantor - based system still remains.
Getting a cosigner, also known as a rent guarantor, sometimes is the only way a new renter or someone with poor credit can qualify to rent an apartment.
American Banker reported last week on an outline of the plan, which would put Fannie Mae and Freddie Mac into receivership and create multiple private mortgage guarantors backed by an explicit government guarantee.
Everyone agrees that, in principle, they should be released with certain conditions while awaiting trial, but crowns and JPs can't shake their instinctive insistence on a third party surety guarantor before consenting to such releases.
A better approach would be to merge Fannie and Freddie into a single government guarantor, which could transfer risk to the private sector by issuing securities.
Passport Canada still allows applicants who are applying from outside Canada to use an occupation - based guarantor for their application.
Star One Credit Union is a qualified guarantor of Medallion Signature Guarantees for members.
On the other hand, Chapter 13 can help student loan borrowers who can't remain current on their loan and need to protect guarantors and cosigners.
In addition to the above changes, from 2018/19, as part of certifying or recertifying any Type A contingent asset that provides a levy reduction of # 100,000 or more, the trustees will need to obtain a formal guarantor strength report from a professional adviser.
But some banks never remove guarantors as a matter of policy.
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