Common use of ECONOMIC HARDSHIP Clause in Contracts

ECONOMIC HARDSHIP. Limited to a lifetime maximum of 36 months. An economic hardship is defined as income that is less than 150% of the poverty guideline for your family size and state of residence as shown in the table below. Supporting documentation of monthly income and family size must be provided. Monthly income (you choose) is either your gross income from all sources or

Appears in 2 contracts

Sources: Forbearance Agreement, Forbearance Agreement