Common use of Interest Only Clause in Contracts

Interest Only. An interest-only mortgage loan that complies with the requirements of ▇▇▇▇-▇▇▇▇▇ legislation and requires monthly payment with the entire principal balance and accrued interest due in full on _______________________, 20____.

Interest Only. An interest-only mortgage loan that complies with the requirements of the ▇▇▇▇-▇▇▇▇▇ legislation and requires monthly payment payments with the entire principal balance and accrued interest due in full on _______________________, 20____.☐