Certification of Eligibility : Form signed by campus representative certifying that the applicant is eligible for Program participation and the amount of the loan allocation. Also known as form OLP-30. Community Property: Property acquired by husband and wife, or either, during marriage, when not acquired as reasons for taking personal loan separate property of either. Co-Borrower: Any individual who will assume responsibility on the loan, take a title interest in the property and intends to occupy the property as their primary residence.
Co-Signer: Any individual who will assume responsibility on the loan, but who will not take a title interest in the property nor occupy the property. Curtailment: An additional payment made to reduce the principal balance of a loan.
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