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The terms and definitions that follow are indicated to give basic, informal significance for words and expressions you might see on our Website that might not be familiar to you. The specific significance of a term or expression will depend upon where and how it is utilized, because the relevant files, consisting of signed agreements, customer disclosures, internal Program policy manuals and industry use, will manage implying in a specific context.

Your Campus Housing Programs Representative or the Workplace of Loan Programs personnel will be pleased to address any specific questions you might have. To discover a definition, click the first letter of the term. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z (see Automated Cleaning House) Loan payments by equal regular amounts calculated to pay off the debt at the end of a fixed duration, including accrued interest on the outstanding balance.

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: The date upon which the twelfth payment is due. This occurs in the very same calendar month and day each year thereafter on any MOP Promissory Note. A percentage rate that reflects the quantity of interest earned or charged. A qualified Appointee designated by among the ten University schools, Workplace of the President or, LBNL as eligible to look for a loan under the UC Home Mortgage Program.

Also known as type OLP-09. A person who has been offered and has accepted a full-time position with the University of California. The dollar worth appointed to a single-family residence by an appraiser approved by the Workplace of Loan Programs. An electronic funds transfer network that allows direct cash transfers between taking part bank accounts and lenders.

An installment payment on a promissory note - generally the final one for discharging the financial obligation - which is considerably larger than the other installation payments supplied under the regards to the promissory note. The lending institution on the note secured by a deed of trust. Read This as specified in an executed Certification of Eligibility, prepared by the appropriate campus representative, who will be primarily responsible for the payment of a Program loan.