Total loan amount means the principal of a loan minus those points and fees that are included in the principal amount of the loan. For open-end loans, the total loan amount must be calculated using the total line of credit allowed under the residential mortgage loan at closing. [PL 2011, c. 427, Pt. A, §15 (NEW).]
Total loan amount means the principal of the loan minus those
Total loan amount means the principal of the loan minus those points and fees as defined in this section that are included in the principal amount of the loan. For open-end loans, the total loan amount shall be calculated using the total line of credit allowed under the home loan.
Examples of Total loan amount in a sentence
Total loan amount is $82.0 million which was advanced as of June 30, 2009.
Total loan amount is $94.1 million which was fully advanced as of June 30, 2012.
Total loan amount exceeding $1,000,000 require a minimum FICO of 700.
Total loan amount exceeding $1,000,000 require an AUS Approve/Eligible.
Total loan amount, including hard and soft debt, shall not exceed 90% combined loan-to-value.
More Definitions of Total loan amount
Total loan amount means the same as the term 'total loan amount' as
Total loan amount means the same as the term 'total loan amount' means in Section 226.32 of Title 12 of the Code of Federal Regulations and must be calculated in accordance with the Federal Reserve Board's Official Staff Commentary to that section.
Total loan amount means the sum of (i) the unpaid Loan Amount and
Total loan amount or “Loan.” Although a Senior Note will be issued initially to each Investor in the principal amount of the Senior Note Subscription Amount, the Loan Amount shall be adjusted from time to time in the records of the Company to reflect increases in the Loan by such Investor, as provided in Sections 1.2(b), 1.2(c) or 1.2(d), and the accrual and payment of interest and principal with respect to the Senior Note (without distinction, “Senior Note Adjustment”). Adjustments to principal will be reported on the Investor’s monthly account statement. Upon no less than two (2) business days’ prior written request, the Company will certify to a Senior Noteholder the current Loan Amount and the cumulative Senior Note Adjustments with respect to the Senior Noteholder’s Senior Note effective as of the last day of the immediately preceding month.
Total loan amount means the principal of the loan minus points and fees that are included in the principal amount. For transactions under an open end credit plan, "total loan amount" shall be calculated by using the total line of credit allowed under the loan at closing.