Examples of Forgiven in a sentence
Loan Modifications (Pertains only to loans modified for loss mitigation purposes) Numeric – Integer 36 999 Modified Loans Only >= 0 to <= 120 155 Forgiven Principal Amount The sum total of all principal balance reductions (as a result of loan modification) over the life of the loan.
Loan Modifications (Pertains only to loans modified for loss mitigation purposes) Numeric – Decimal 12000 9(10).99 Modified Loans Only >= 0 156 Forgiven Interest Amount The sum total of all interest incurred and forgiven (as a result of loan modification) over the life of the loan.
Net Proceeds (“as defined above”) and the Forgiven Ratio (“as defined above”) are not applicable when there is a non-compliance.
Forgiven, or discharged, indebtedness may be subject to being included as part of a borrower’s gross income for federal, and possibly state, income tax purposes.
The amount of the homebuyer subsidy shall be reduced by multiplying the homebuyer subsidy by the Forgiven Ratio (“defined below”) in order to determine the amount that will be forgiven.