Sentences with phrase «loan provisions of»

Finally, loan provisions of deferred annuity contracts are generally more restrictive than those of life insurance policies.

Many individuals used the policy loan provision of the life insurance policies to borrow and lend money for the purpose of infinite banking.

Not exact matches

The firm's mortgage investment corporation has about 2,400 such loans in its portfolio, with an average size of $ 85,000, and says it maintained a $ 4.3 - million loan loss provision on a $ 214 - million portfolio last year.

«Together with other provisions of the Recovery Act, ARC loans will free up capital and put more money in the hands of small business owners when they need it the most,» SBA Administrator Karen Gordon Mills said in a press release.

These types of loans also carry other risks, such as demand provisions under which a bank can arbitrarily demand repayment, as well as high default rates, putting borrowers in a difficult spot.

The provisions in the bill would adjust how private student loan lenders treat the death or bankruptcy of co-signers, as well as how defaults are reported on a borrower's credit report.

Awtani added provisioning requirements of public sector undertaking banks have increased with the surge in non-performing assets (NPA) and that there still exists stressed loans in the system which will probably be recognized as NPAs over the coming few quarters.

«If there are any negative effects of low rates on net interest income in the future, they should be largely offset by the positive effects of monetary stimulus on the other main components of profitability, such as the quality of loans and therefore on loan - loss provisions,» Draghi added.

Under the provisions of the Loan Guarantee Act, Chrysler is supposed to compensate the federal government for the risk that the government has taken in making the guarantees.

Frank also criticized a provision in the bill that he said weakens anti-discrimination standards in housing by raising the number of loans a bank can make before it's required to report on the issue.

The documents governing and representing the loan will outline the complete provisions of the transaction, however, there are a handful of key terms investors should understand before investing in a debt product.

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.»

In terms of provision expenses including impairment, they represented 3.2 % of our loan book this quarter.

James Moore said that more important than offering loans would be the provision of transactional banking services that provided short term credit to enable businesses to make payments while waiting to get paid — this would cover around 60 % of the bank's running costs.

The policy loan provision stipulates the amount you can borrow against your cash value, the rate of interest, and other terms for policy loans.

A political backlash may force the European Central Bank to ditch plans for stricter provisioning of 760 bln euros of dud loans.

It should be noted that a big part of the increase in Synovus is due to its shrinking provision for loan losses (what it expects to lose on the loans it makes); however, the bank did see its expenses fall by $ 50 million over the first nine months of the year and, in 2012, it actually realized a benefit of $ 2 million from taxes versus an expense of $ 72 million in 2013.

This would be likely to take the form of the general provisions for all property loans being raised from 7 per cent to 30 per cent, with those banks that can not afford this being granted a form of state - backed guarantee for a fee.

Such result of the study of an American company from New Jersey, which studied the provision of loans to individuals.

Increased provisions compared to last year mainly reflect overall growth of the loan portfolio.

Although credit quality outside of CWB's portfolio of oil and gas loans remained stable, higher provisions for credit losses resulted from losses recorded against oil and gas loans.

The European Central Bank may shelve planned guidelines that would force euro zone banks to set aside more provisions on 759 billion euros of non-performing loans, Reuters reported on April 23, citing an ECB spokeswoman.

On the other hand, FHA loans require certain provisions which sometimes place a heavy burden on a homeowner's budget, often in the form of premiums paid for mortgage insurance.

«As management is currently reviewing the ATO's position and determining the appropriate steps to respond to and resolve the claims, no provision has been made in the 2017 accounts and we continue to stand by the pricing of our loans.

Specifically, beginning with data for February 2010 and later, the concern is that we will begin to observe a spike in delinquencies - first in the form of «30 - day delinquencies» and gradually in either large increases in loan loss provisions or in the actual onset of foreclosures.

The EC, meanwhile, will monitor the loan provision, and in particular the government guarantees, to ensure that they do not extend into the realm of «state aid» classification.

Asset - backed securities can also help improve the provision of credit by taking loans off of banks» balance sheets, freeing them up to lend more.

Furthermore, under the general welfare provision of the Constitution, the Federal Government offers financial assistance to states and local communities for a variety of educational purposes, ranging from subsidies for school lunch programs to salaries for teachers of agriculture and loans for school building construction.

Children whose families are unable to give them the education necessary for productive lives are helped with scholarships, loans and direct provision of education by governments or churches and other voluntary organizations.

Microfinance is a proven method for helping impoverished communities move toward economic self - sufficiency through the provision of small loans and other financial services.

He released on Thursday a 2018 budget agenda that addresses policy matters ranging from making it easier to register to vote and addressing the capping of state and local tax deductions as well reviving student loan provisions and funding mass transit.

On expenditure, Jonah announced a total outflow of N11.69 bn which included bank loan repayment of N2.8 bn, recurrent payments of N3.8 bn, capital expenditure amounting to N6.4 bn, COT provision of N59m and payment for IGR collection of N48.5 m.

«We made a lot of progress for Ghanaians, talk of restoration of student loans, major interventions in the road sector, the Circle Interchange, Kasoa interchange, just to mention few; the expansion of the Accra Ridge Hospital, provision of school sandals for the benefit of students,» Mahdi Gibril indicated.

The Asset Quality Review of Banks conducted in 2015 shows significant vulnerability of banks to current economic conditions, and that if the affected banks were to provision fully for all bad loans, a significant number of them would collapse.

Available information shows that due to non-payment of these loans, the banks have declared GH cents 2.4 billion of the outstanding stock of loans as a complete loss and are making provisions against profits.

According to the bank at the time, the decision was due to the delay in the repayment of the loan facility that the bank granted the institution towards the provision of about 7000 bed capacity hostel facilities.

On the controversial N852.9 State Universal Education Board (SUBEB) fund, the commission said it was clear that the Government of Dr Fayemi hoodwinked the federal government into paying its own matching grant by obtaining N852, 936,783.12 loan from Access Bank on November 25, 2013 without perfecting documentation in respect of the loan, thereby flouting the provisions of Section 11 (2) of the UBEC Act, 2004.

According to the President's request, the Chinese, through the China Eximbank, will provide over $ 5.8 bn of the loan, while the World Bank will make provisions for the balance.

America's science community can breathe a sigh of relief: The provisions to tax graduate student tuition and eliminate the student loan interest deduction have been removed from the final version of the GOP tax bill.

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 vote to send the measure, S 1150, to the Senate floor came after unsuccessful attempts to remove the Pell Grant provision and to replace the current system of federally subsidized student loans with a direct - loan proposal.

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 Business, Innovation and Skills (BIS) Select Committee in the House of Commons should monitor and report on higher education funding and provision each year, assessing the impact of changes on disadvantaged students, as well as mature and part - timers; • Better co-ordination between higher education ministers from England, Scotland, Wales and Northern Ireland to rationalise student funding policies across the UK; • An investigation by the Office for Budget Responsibility (OBR) into the impact of the latest changes to grants and loans, to ensure value for money for students and taxpayers; • Stronger evaluation of university spending of # 750m a year on outreach and access programmes to maximise their impact.

[2] The Higher Education Amendments of 1998 removed the year - seven provision, making the loans non-dischargeable except in rare circumstances.

Auditors of the trust's January accounts last year also flagged up the fact the trust had made a loan of # 100,000 to a loss - making trading subsidiary which provides alternative provision opportunities for pupils at risk of exclusion.

DfE claims that «the original purpose of the internal loan scheme provision was to enable schools to spread the cost of large one - off items of expenditure, particularly capital items, over more than one year to make these more affordable».

And earlier this year, the Obama administration abandoned a provision in its landmark student - loan reform legislation that would have created comprehensive state systems to improve the quality of child care and early education for children from birth through age 5.

During her Senate confirmation hearing in January, DeVos struggled to grasp some of the most basic fundamentals of education terminology, student - loan policy and federal provisions mandating public schools provide free and appropriate education to people with disabilities.

Specific provisions included scholarships and loans to students in higher education, with loans to students preparing to be teachers and to those who showed promise in the curricular areas of mathematics, science, engineering, and modern foreign languages; grants to states for programs in mathematics, science, and modern foreign languages in public schools; the establishment of centres to expand and improve the teaching of languages; help to graduate students, including fellowships for doctoral students to prepare them to be professors at institutions of higher learning; assistance for the improvement of guidance, counseling, and testing programs; provisions for research and experimentation in the use of television, radio, motion pictures, and related media for educational purposes; and the improvement of statistical services at the state level.

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.