Curtailment. With respect to a Mortgage Loan, any payment of principal received during a Due Period as part of a payment that is in excess of the amount of the Monthly Payment due for such Due Period and which is not intended to satisfy the Mortgage Loan in full or intended to cure a delinquency.
Appears in 11 contracts
Samples: Custodial Agreement (Home Equity Loan Asset-Backed Certificates Series 2003-2), Pooling and Servicing Agreement (Renaissance Home Equity Loan Trust 2004-2), Custodial Agreement (Home Equity Loan Asset-Backed Certificates Series 2003-2)
Curtailment. With respect to a Mortgage Loan, any payment of principal received during a Due Period as part of a payment that is in excess of the amount of the Monthly Payment due for such Due Period and which is not intended to satisfy the Mortgage Loan in full or full, nor is intended to cure a delinquency.
Appears in 2 contracts
Samples: Custodial Agreement (Renaissance Mortgage Acceptance Corp), Pooling and Servicing Agreement (American Business Financial Services Inc /De/)
