If a customer purchases an eligible item during a sales tax holiday, but after the sales tax holiday returns the item and receives a credit toward the subsequent purchase of a different item, the purchase of that item does not qualify for the exemption even if it is an eligible item.
loan amortization schedule. Definition. Schedule of loan payments that shows due dates and the amount of money that will applied to the principal and the amount that will go towards the interest. This schedule may be adjusted if a borrower pays more than expected during a specific billing period.
The loan origination date is the date all information in the loan origination record is complete and accurate. (For EDExpress schools, origination is not complete until the process/originate function is completed.) The loan origination record does not have to be transmitted in order for a school to consider a loan originated. However, the loan origination process is not complete until the record is transmitted to and accepted by the Loan Origination Center. Creating Loan Origination Records All schools will create loan origination records.