Passport loan Nebraska

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Calculation example: with a loan amount of USD 100,000 at 10% per annum, for a period of 1 year, the total amount to be repaid will be equal to: USD 105,499.06, with a monthly payment: USD 8791.59. The consequences of not paying the loan are regulated by the legislation of USA.

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    Unsubsidized Loan Xxxxxxxx means a loan made under a section of the Higher Education Act.

    Loan Party means any Loan Party registered under the law.

    Domestic Loan Party means any Loan Party organized under the laws of any state of the United States of America.

    Domestic Loan Parties collectively means the Parent Company, the Domestic Borrowers and each Local Subsidiary that is the Guarantor of the Obligations. "Home Loan Party" means any of such Persons.

    Large Mortgage Loan means a Mortgage Loan that would otherwise be a Qualifying Mortgage Loan secured by the first Mortgage Loan, except that the original principal amount exceeds the Agency's maximum loan amount, but not more than one million dollars (US$1,000,000).

    Secondary secured bank loan means a bank loan (other than a first secured bank loan and a final loan) that is entitled to the benefits of a first and/or second secured loan and first and/or second priority with perfect security rights for all or substantially all of the assets of the relevant borrower and guarantors with obligations in respect of it.

    PMI Lender Mortgage Loan Certain mortgages for which the lender (not the borrower) purchases a primary insurance policy and charges the qualifying borrower an interest premium.