Template:Nutshell GMSLA 6.2

From The Jolly Contrarian
Revision as of 12:33, 27 November 2015 by Amwelladmin (talk | contribs) (Created page with "Where a {{gmslaprov|Loan}} extends over an {{gmslaprov|Income Record Date}}, the {{gmslaprov|Borrower}} must, on the relevant distribution date, account to the {{gmslaprov|Len...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

Where a Loan extends over an Income Record Date, the Borrower must, on the relevant distribution date, account to the Lender for the Income it would have received had it held them Income Record Date.