Debt cancellation agreement definition

Debt cancellation agreement means a contract between a lender and a borrower where the lender, for a separately stated consideration, agrees to waive all or part of the debt in the event of a fortuitous event such as death, disability, or the destruction of the lender's collateral.

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Debt cancellation agreement means a contract

Debt cancellation agreement means a lease term

Examples of Debt cancellation agreement in a sentence

Unemployment $ Debt cancellation agreement** $ Liability Insurance $ $ per person $ property damage $ per accident *If the motor vehicle is determined to be a total loss, GAP Insurance will pay you the difference between the proceeds of my basic collision policy and the amount I owe on the motor vehicle, minus my deductible.
Unemployment $ Debt cancellation agreement** $ Liability Insurance $ $ per person $ property damage $ per acciden t *If the motor vehicle is determined to be a total loss, GAP Insurance will pay you the difference between the proceeds of my basic collision policy and the amount I owe on the motor vehicle, minus my deductible.
Unemployment $ Debt cancellation agreement** $ Liability Insurance $ $ per person $ per accident $ property damage *If the motor vehicle is determined to be a total loss, GAP Insurance will pay you the difference between the proceeds of my basic collision policy and the amount I owe on the motor vehicle, minus my deductible.

More Definitions of Debt cancellation agreement

Debt cancellation agreement means a retail

Debt cancellation agreement means a contract term or a contractual arrangement modifying a contract term under which a retail seller or holder agrees to cancel all or part of an obligation of the retail buyer to repay an extension of credit from the retail seller or holder on the occurrence of the total loss or theft of the covered vehicle that is the subject of the contract but does not include an offer to pay a specified amount on the total loss or theft of the covered vehicle.

Debt cancellation agreement means an agreement between a credit grantor and a borrower which provides for cancellation of the remaining loan balance in the event of theft or total destruction of the collateral for the loan [after application of] MINUS the proceeds of any insurance maintained on the collateral for the loan OR, IF THE BORROWER DOES NOT HAVE INSURANCE THAT COVERS THE LOSS, THE

Debt cancellation agreement means an agreement of the holder of the retail installment contract to waive:

Debt cancellation agreement means an agreement between a seller and a buyer which provides for cancellation of the outstanding balance payable under an installment sale agreement in the event of theft or total destruction of the motor vehicle that is the subject of the installment sale agreement [after application of]

Debt cancellation agreement means a loan term or contractual arrangement modifying loan terms linked to a holder's extension of credit under which the holder agrees to cancel all or part of a buyer's obligation to repay an extension of credit from that holder upon the occurrence of a specified event. (24 added Dec. 9, 2002, P.L.1446, No.186)

Debt cancellation agreement has the meaning set forth in Section 1.5(h).