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.