Common use of Lender Reports Clause in Contracts

Lender Reports. For each calendar year, the Lender is to submit to the Center within 30 days of the year-end a report listing Borrowers and outstanding balances of all Enrolled Loans as of the end of that preceding calendar year. In computing the aggregate outstanding balance of all Enrolled Loans, the balance of any loan shall in no event be considered to be greater than the covered amount of the loan as enrolled and, in the case of lines of credit, the outstanding balance shall be considered to be the enrolled line amount. Such report must indicate the following: (a) Name of ▇▇▇▇▇▇▇▇ (b) Amount of Loan (c) Amount of Enrolled Loan (d) Type of Loan (Term or Line) (e) Outstanding Balance of Loan (1) If term loan – show the lesser of the outstanding balance or the enrolled loan amount and the enrollment date. (2) If line of credit – show the enrolled line amount and the maturity date.

Lender Reports. For each calendar year, the Lender is to submit to the Center IBGC within 30 days of the year-end a report listing Borrowers and outstanding balances of all Enrolled Loans as of the end of that the preceding calendar year. In computing the aggregate outstanding balance of all Enrolled Loans, the balance of any loan shall in no event be considered to be greater than the covered amount of the loan as enrolled and, in the case of lines of credit, the outstanding balance shall be considered to be the enrolled line amount. Such report must indicate the following: (a) Name of ▇▇▇▇▇▇▇▇ (b) Amount of Loan (c) Amount of Enrolled Loan (d) Type of Loan (Term or Line) (e) Outstanding Balance of Loan (1) If term loan – show the lesser of the outstanding balance or the enrolled loan amount and the enrollment date. (2) If line of credit – show the enrolled line amount and the maturity date.