Common use of Preservation Benefit Clause in Contracts

Preservation Benefit. For homeowners who can demonstrate the ability to sustain their loan payments. Homeowners may decline the Reinstatement Benefit in order to be considered for the Preservation Benefit, but homeowners cannot receive funding under both the Reinstatement and Preservation benefits.

Preservation Benefit. For homeowners who can demonstrate the ability to sustain their loan payments. Homeowners may decline the Reinstatement Benefit in order to be considered for the Preservation Benefit, but homeowners cannot receive funding under both the Reinstatement and Preservation benefits.