Loan Initiation Fee definition
Examples of Loan Initiation Fee in a sentence
Loan Interest Rate Spread (per annum): 3.00%; or Loan Initiation Fee: $125 per loan; and Annual Loan Administration Fee: $50 per loan.
The Loan Initiation Fee is non-refundable, shall be deducted from the Loan proceeds to Borrower, and shall be deemed wholly earned by Lender upon Borrower’s receipt of the Loan.
We assess a Loan Initiation Fee of up to $100 against the Account of any Participant for whom a Plan loan withdrawal is requested under this contract.
Transaction Charges The Investor may be charged for the following transactions: • If you take a loan from your Account Value, you may be subject to a Loan Initiation Fee; not to exceed $100 per loan; • Certain Funds may impose redemption fees as a result of withdrawals, transfers or other Fund transactions you may initiate; and • Charges for advisory services due to an independent advisory services agreement between you and an investment advisor.