Examples of Scheduled Interest in a sentence
Loan Modifications (Pertains only to loans modified for loss mitigation purposes) Numeric – Decimal 12000 9(10).99 Modified Loans Only >= 0 149 Pre-Modification Interest (Note) Rate Scheduled Interest Rate Of The Loan Immediately Preceding The Modification Effective Payment Date.
Loan Term and Amortization Type Numeric – Decimal 0.05875 9.999999 Always > 0 and <= 1 38 Scheduled Interest Paid Through Date Loan Term and Amortization Type Date 20090429 YYYYMMDD Always “19010101” if unknown 39 Current Payment Status Number of payments the borrower is past due as of the securitization cut-off date.
General Information Numeric – Integer 2 99 Always See Coding 1 = Scheduled Interest, Scheduled Principal 2 = Actual Interest, Actual Principal 3 = Scheduled Interest, Actual Principal 99 = Unknown 5 Originator The MERS Organization ID of the entity that lends funds to the borrower and, in return, places a lien on the mortgage property as collateral.
If any Basic Rent is required hereunder on a day that is not a Business Day, then such Basic Rent shall be due on the corresponding Scheduled Interest Payment Date.
Interest will continue to accrue and be payable on the unpaid portion of the Final Redemption Amount in accordance with Condition 4 (Interest and other Calculations) and the LLP will pay Guaranteed Amounts constituting Scheduled Interest on each Original Due for Payment Date and the Extended Due for Payment Date.