Total loan amount definition

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 total amount of loans received by the Partner under the Loan Limit pursuant to the Partner’s Loan Agreements that is still outstanding.

  • The Partner undertakes to accept and repay to the Lender the Total Loan Amount.

  • I acknowledge that, pursuant to Article 54.2 of the above act, I am obliged to repay the Total Loan Amount to the Lender's Bank Account together with the Principal Interest without delay, not later than within 30 days of this statement.

  • If the costs incurred by the Trustee are less than the Total Loan Amount, the excess will be refunded to those Holders who advanced funds pro-rata to the amounts stated in their Funding Notes.

  • The Borrower will repay the Total Loan Amount determined in Article 2.2, including the Daily Interest for each day between the date of Loan disbursement and the date of the Total Loan Amount repayment, to the Bank, to the Bank’s account nominated in Article 2.17, immediately but no later than within 30 days of the notice of withdrawal from the Agreement.


More Definitions of Total loan amount

Total loan amount means the principal of the loan minus those points and fees as
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.