Until this change, banks received fees to originate loans plus a «
special allowance payment» each quarter for the loans they carried on their books.
Special Allowance Payments (SAP)
Special allowance payments were originally established to ensure that education lenders received a market rate of return on federal education loans.
These include a federal guarantee against borrower default,
special allowance payments and lender - paid origination fees.
The regulations at 34 CFR 682.800 (a) ban lenders who are receiving the 9.5 % floor income
special allowance payments from discriminating according to the borrower's race, sex, color, religion, national origin, age, disability status, income, attendance at a particular institution within the area served by the authority, length of the borrower's education program, or the borrower's academic year in school.
Not exact matches
His Excellency also approved
payment of
special allowance for staff of the agency.
Payment estimates are based on featured price for a vehicle and ACTUAL PRICE AND
PAYMENTS MAY BE DIFFERENT due to applicable rebates, cash down payments, trade - in allowances, financing rates and terms, specials, taxes, fees and buyer's credit qualifi
PAYMENTS MAY BE DIFFERENT due to applicable rebates, cash down
payments, trade - in allowances, financing rates and terms, specials, taxes, fees and buyer's credit qualifi
payments, trade - in
allowances, financing rates and terms,
specials, taxes, fees and buyer's credit qualifications.
One of our survey respondents ties
special allowance increases to his child's initiative in researching particular investments, or in learning financial literacy terms like down
payments on a house, mortgages, inflation, stocks and bonds.
Basic salary excludes
payment of overtime, bonus, annual wage supplement, productivity incentive
payment, reimbursement for
special expenses and all
allowances.