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The brand new manager out-of a beneficial consolidated mortgage have to notify the borrower one to the loan has been paid in full

(2) Through to acknowledgment of the continues out-of an immediate Consolidation Loan, the fresh owner off an effective consolidated mortgage have to punctually use the latest continues to fully release this new borrower’s duty on the consolidated loan.

New Assistant find the brand new cost months under § (i) according to the a good balances towards the most of the borrower’s funds which can be eligible for integration as well as the balances into almost every other training funds but as given inside the paragraphs (i)(3)(i), (ii), and (iii) from the point

(3) The main equilibrium away from a direct Consolidation Financing is equal to the total wide variety paid off toward people of your consolidated money. Sigue leyendo