Common use of MORTGAGE LOAN PROGRAM Clause in Contracts

MORTGAGE LOAN PROGRAM. Section 1. Regular employees who are scheduled to work 20 hours or more each week and Section 2. In appropriate cases and where special hardship exists, upon the approval of the Treasurer, the University may make a second mortgage loan from its own funds. Application for a second mortgage must be made not later than 12 months after the date of the first mortgage.

Appears in 2 contracts

Sources: Collective Bargaining Agreement, Collective Bargaining Agreement