Get Loan Verification Certificate

Filling out the Loan Verification Certificate is an essential step in the process of consolidating education loans. This guide provides clear instructions to help you complete the form accurately and efficiently.

Follow the steps to fill out the Loan Verification Certificate correctly.

1. Click 'Get Form' button to access the Loan Verification Certificate and open it in your preferred document editor.
2. In Item 1, enter or verify your holder/servicer information accurately to ensure proper identification.
3. In Item 2, if applicable, fill in the institution and address where the payoff amount should be sent, different from Item 1.
4. For Item 3, enter the borrower's full name, Social Security Number, address, and area code with telephone number, making sure the details are correct.
5. In Item 4, provide the certification date in the format mm-dd-yyyy, indicating when you completed the certificate.
6. Complete Item 5 by entering the account number for each education loan you hold. Use #1, #2, etc., for multiple accounts.
7. For Item 6, select the loan type from the specified options applicable to the borrower's loans.
8. In Item 7, enter the current annual interest rate for the loan in percentage form.
9. Items 8 through 11 require you to provide the payoff amounts for the loans, including the principal balance, accrued interest, fees, and collection costs.
10. In Item 12, calculate and enter the total payable amount, combining the figures from Items 8 through 11.
11. Item 13 asks for the total payoff amount due, which should correspond with Item 12.
12. Provide the first disbursement date in Item 14, indicating when the loan was issued.
13. If applicable, in Item 15, enter the completion date of the borrower’s program or the date they ceased half-time enrollment.
14. In Item 16, record the loan status code reflecting the current state of the borrower's loans.
15. If the loan falls under specific types, complete Items 17a and 17b with the corresponding dates regarding repayment plans.
16. In Item 18, add any additional comments or explanations if there are any issues completing this certificate.
17. Finally, sign and date the form in Item 19 and provide the necessary contact information for the authorized official.

Start filling out your Loan Verification Certificate online today to ensure a smooth consolidation process.