Sentences with phrase «waived at consummation»
In Louisiana, Alabama, Mississippi and Florida, if you voluntarily repay your loan in full within one year from the date you make the loan, you will be required to reimburse to us any reasonable, bonafide third - party costs that were waived at consummation and paid by us on your behalf.
https://www.hancockwhitney.com/ Not exact matches
In contrast, for example, assume that at consummation, the creditor waives $ 3,000 in closing costs to cover bona fide third - party charges but the terms of the loan agreement provide that the creditor may recoup $ 4,500 in part to recoup waived charges, if the consumer repays the entire loan balance sooner than 36 months after consummation.
A national settlement company and a large bank both commented that the consummation date can only be an estimate at the time the Closing Disclosure is delivered, especially given the consumers right to waive the three - day waiting period between delivery of the Closing Disclosure and consummation under limited circumstances.
For example, assume that at consummation, the creditor waives $ 3,000 in closing costs to cover bona fide third - party charges but the terms of the loan agreement provide that the creditor may recoup the $ 3,000 in waived charges if the consumer repays the entire loan balance sooner than 36 months after consummation.