a) financial covenant relief to allow the borrower
time to execute an operational turnaround;
For a deferment, the borrower
must be a part-time college student, in a graduate fellowship program, in a rehabilitation training program (for those with disabilities), actively seeking but unable to find full-time employment, or having financial hardship.
Adjustable rate mortgages, where the borrower
's payments may adjust after a period of time, are more risky If interest rates go up, the borrower
may not be able to afford the higher payment.
The issuer is the governmental agency issuing the bonds, and the conduit borrower
may not receive notice of the audit for many months.
While the volunteers agree only to deliver and return books, they often form a rapport with the borrowers
and spend time with them apart from the program.
For example, lenders usually require a borrower
to purchase mortgage insurance from a public or private mortgage insurer if the down payment is less than 20 percent of the home's appraised value.
More than half the responsibility for prompt loan closing lies with the borrower
Other issues addressed included the amount of creditable taxes on net loans made to Brazilian borrowers
and the treatment of interest income on "cap loans.
The REA can't deny a cut-rate loan to a borrower
, no matter how much money the borrower
If a business is the borrower
, the lender will consider whether it is a start-up company or one in operation under three years.
A "financing arrangement" is defined as a series of at least two "financing transactions" in which a lender advances money or other property, and a borrower
receives money or other property, if the advance and receipt are brought about through one or more intermediate entities (IE) and there are financing transactions linking the lender, each IE, and the borrower