Sentences with phrase «legal owner of the loan»

To claim your student loan tax deduction, you must be the legal owner of the loan.

Doing so can make the child the legal owner of the loans or remove the parent as a cosigner.

Not exact matches

A timeshare warranty deed in lieu of foreclosure is a legal agreement that allows a timeshare owner to avoid foreclosure of a mortgage loan on on the timeshare.

As long as you are noted as a legal owner of the vehicle, you can submit the title for an auto title loan.

A person or organization with a legal claim, or lien, against a property, typically because that person or organization has loaned money or performed services for the owner of the property.

The most critical things that help you to qualify for a title loan right away are your car title document that shows you are the legal and official owner of your car, your valid ID to show that you are over the age of 18 and your proof of income.

We use a variety of factors in determining whether to pay a Transaction in Overdraft when the Service is not available, including, but not necessarily limited to, how long the Account has been open, how many times and in what amounts the Account has been previously overdrawn, how much money is in the Account on average, whether the Account is or has been subject to garnishment or other legal action, and whether you or any owner of the Account have defaulted on any agreements with us (including loan agreements).

«There are different results depending upon the character of the lender and borrower (non-profit or a c corporation, s corporation, partnership or LLC), the relationship between the parties (related party transactions may lose the interest deduction), the legal components of debt and equity of the instrument (certain preferred stock can legally be classified as debt in one jurisdiction and stock in another, so interest is a dividend in one country but interest in another and interest is deductible while dividends are not), the purpose of the loan (A CERT can trigger unintended tax costs and money borrowed to pay wages to owners is a big mistake) and much more,» says Spizzirri.

Furthermore, in documents filed with the court by the appellant on a summary judgment motion in a related solicitor's negligence action, the appellant expressly acknowledged that he, rather than the trust, was the legal owner of the mortgaged property and that the relevant mortgage documents contained his personal covenant to repay the mortgage loan.

In case of a joint loan, ensure that the nominee (and also the legal owner of the property) is the co-borrower.

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As with other aspects of the loan underwriting and real estate purchase process (such as title insurance), the typical SNDA agreement is intended to establish legal boundaries of the relationships between lender, borrower (also owner and landlord), and tenant and to protect the interests of all three.

-- including a lien on the stock of a cooperative housing corporation (a «co-op»)-- no lender can enforce its due - on - sale clause due to any of the following prevalent circumstances: (1) The creation of a lien (or other encumbrance subordinate to the lender's security instrument) that does not relate to a transfer of rights of occupancy in the property; (2) The creation of a purchase money security interest for household appliances; (3) A transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety; (4) The granting of a leasehold interest of three years or less * not containing an option to purchase (5) A transfer to a relative resulting from the death of a borrower; (6) A transfer where the spouse or children of the borrower would become owners of the property; (7) A transfer resulting from a decree of dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property (8) A transfer of the borrower's property into an inter vivos trust in which the borrower is and remains a beneficiary and which [trust agreement] does not relate to a transfer of rights of occupancy in the property; or (9) Any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.