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Office of Loan Programs (OLP): Located within the Office of the President's Capital Asset Ocbc plus cash advance and Finance Department, the Office of Loan Programs is responsible for the design, delivery and management of housing assistance programs for recruitment and retention of faculty and senior managers.
PAF : An acronym for Personnel Action Form, referring to a campus generated document verifying an applicants employment data (salary, title code, start date, etc.
) that is printed from the campus payroll computer system. Participant: The term "Participant" shall mean an Appointee who has been designated as an eligible Applicant and Primary Borrower.
Pre-approval : Certificate of Pre-Approval issued by the Office of Loan Programs that states a borrowers credit, assets and income have been verified and the applicant qualifies for a Program loan at a specified amount and interest rate. At the time of pre-approval, the specified initial interest rate is not locked-in and is therefore subject to change prior vijaya bank personal loan documents required the issuance of a loan commitment letter.
The initial interest rate will be the Program rate in effect at the time a loan commitment is issued. Preliminary Disclosures : A generic term referring to a group of disclosure forms required by Federal law to be sent to a loan applicant. The forms include a Loan Estimate Disclosure, Fair Lending Notice, and a California Credit Disclosure.
Prepaid Interest: Mortgage interest that is paid from the date of the funding to the end of that calendar month.