Sentences with phrase «original debt incurred»
Not exact matches
If the person in debt chances on a an institution which allows him to make a loan at a smaller interest rate compared to the original interest he pays over the principal loaned amount, it will eventually require him lower mortgage payment due to savings incurred.
https://refinanceguide.org/
(d) Except as otherwise provided by law, when any debt is renewed or refinanced by any creditor or creditor's affiliate within a period of 90 days from the date the debt is made or incurred, the debtor shall be entitled to a pro rata refund or credit of any unearned portion of the original finance charge computed as of the date of such refinancing or renewal.
On and after January 1, 1997, except as otherwise provided by law, when any debt is renewed or refinanced by any creditor or creditor's affiliate within a period of 120 days from the date the debt is made or incurred, the debtor shall be entitled to a pro rata refund or credit of any unearned portion of the original finance charge computed as of the date of such refinancing or renewal.