The proceeds of second-lien loans are generally used to refinance expensive debt, to fund dividend payouts, pay down bank loans to
increase operating cash, says Steve Miller, Standard & Poor's leveraged markets analyst.
Denice Richards chose to consolidate her loans to
reduce her payments.
However, opportunities still exist for families to use intrafamily loans to
reduce taxes and improve the economics of certain situations.
The PNC Bank Education Loan Center offers a wide array of both federal and private loans to
help finance your higher education.
Under the OCC's regulations, loans to
one borrower will be attributed to a second borrower when the proceeds of the loan are used for the "direct benet" of the second person.
Advocates have compared rapid refund loans to
other "predatory services" like high-interest payday loans.
The 2001 Tax Act exempts qualified plan loans to
owner from the prohibited transactions rules.
Before the passage of TRA '86, interest due on loans to
finance these types of life insurance policies sold after March 1, 1954, was not tax deductible.
It limited loans to
15 years and generally required that for loans made after July 10, 1989, the ESOP own more than 50% of each class and of the total value of all of the corporation's outstanding stock.
The Department must also do a better job of explaining the benefits of income-contingent loans to
The volume breakdown of our loan fundings of portfolio loans to
individual loans is fairly evenly split.
Subprime lenders originated 27.6% of the refinance loans to
black homeowners, 17.1% of the refinance loans to
Latino homeowners and 6.7% of those to whites, according to the ACORN study, which compared lending data for 117 metropolitan areas nationwide.
72 (TD 9021) on loans to
participants in qualified retirement plans.
* CFS offers e variety of privately-insured student loans to
finance all or a portion of a student's higher education.
Chase Bank was instrumental in developing and testing the "FA$TRAK" program and other loan programs designed by the Small Business Administration ("SBA") to provide loans to
small businesses in amounts of less than $150,000.