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Curtailment: An additional payment made to reduce the principal balance of a loan. Current MOP Rate: MOP payday advance atlanta hwy montgomery al currently in effect for Program loans. The locked-in MOP rate will be the Program rate in effect at the time of loan commitment. This rate is calculated by using the four-quarter average of the Universitys Short-Term Investment Pool (STIP), rounded to the nearest five hundredths of a percent and adding an administrative fee component of 0.

Also known as the Standard Rate. Date of Recordation: The date on which a deed of trust is officially entered on the books of the county recorder in the county in which the property is located.

Deed of Trust : A security instrument, used in place of a mortgage, conveying title in trust to a third party covering a particular piece of property.

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