Loan Disclosure
Agreement Date: Monday, January 14
Client: Pamela Ball
Address: 2484 Highway 100, Hogansville, Georgia, 30230
Client ID # RG-5467-7582
Loan Amount: $20,000 USD
Term (Months): 120 Months
Interest Rate (Yearly): 7.5%
Monthly Payments $237.40 USD
Loan Underwriter: Roger Gordon Ext 330
This Consumer Loan Agreement and Disclosure governs your consumer loan plan issued byNew Horizon Financial Equity “The Issuer”. You agree to the following terms andconditions and any other documentation related to this specified Account.
1. Loan Repayment Terms
The Borrower shall make monthly payments of $237.40 USD to The Lender beginning
on the future deferral date specified by the “Lender” and continuing, everymonth thereafter on the chosen date E.G. / August 10th until the Maturity Date.
At the Maturity Date, The Borrower must have paid the principle loan amountinterest and or any penalties incurred to deem the loan closed.
A. The Borrower may pay the entire Loan Amount due to The Lender
without
penalty after one calendar year; however a maximum of 15 percent of theunpaid balance can be paid monthly
b. The lender must give borrower written notice of an address or a namechange. The borrower must adjust all payments to reflect the changes.
2. Repayment Options
The Lender may debit the installment to the Borrower's account indicated in theSchedule "Account" or request the Borrower to submit post-dated checks/chequest
Head Office
Processing Center
5 East
Long Street
601 Dresher Road
Columbus, OH 43215
Suite 300
Horsham, PA 19044
www.newhorizonfinequity.com
4-Documentation
Any documents or correspondences issued by The Lender with regard to the present loan
and any accrued interest or to any other payments or amounts payable by the Borrower
shall be deemed as a decisive evidence for the amounts payable by the Borrower,
whether or not the Borrower has received any prior notices or correspondences inconnection thereto.
5-AssignmentThe Borrower may not assign or transfer (or take any procedures aiming to the same)
any of its rights or obligations under this Agreement. However, the Borrower agrees
that The Lender may assign or transfers any or all of the Borrower's obligations or
rights to any third party with written notice to Borrower.
Option 1: Monetary Collateral
The principal amount of the loan and interest accrued thereon shall be paid in monthlyinstallments according to the Loan Schedule. The Borrower will repay a lump sum
Consisting of the first 5 months in advance $ 1187 USD; the next or first monthly
payment due to The Lender will begin on the future deferral date specified by the“Lender”. E.G. / if a payment is made October 1st 2012 your first installment will bedue April 1st 2013. The Lender requires this payment in advance to show the paymentability of the borrower which will in turn secure the issued funds.
Acknowledgement
By signing signature line (s) below, it is with the full acknowledgement and accordancewith the loan agreement before paying any premium and or fees.
I.
I have read the applicable disclosure agreement, including theapplicable State specific disclosures;
ii.
Have provided the requested information as applicable beforesigning
RG-5467-7582
Borrower (1) Print Signature Client ID # Date
RG-5467-7582
Borrower (2) Print Signature Client ID # Date
Head
Office
Processing
Center
5
East
Long
Street
601
Dresher
Road
Columbus,
OH
43215
Suite
300
Horsham,
PA
19044
www.newhorizonfinequity.com
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