Get Figure: 7 Tac 89

Filling out the Figure: 7 TAC 89 form online is an important step in managing your property tax loan. This guide will provide clear and supportive instructions to help you navigate the form efficiently.

Follow the steps to complete your form seamlessly.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin with the 'Borrower' section. Provide the name and address of the borrower in the respective fields. Ensure accuracy as this information affects the loan agreement.
3. Enter the 'Closing Date' and 'Loan ID#'. This information is crucial for identifying your specific loan details.
4. In the 'Lender' section, input the lender's name, address, OCCC license number, loan originator's name, and their NMLS ID. Make sure each entry is correct to avoid complications.
5. Proceed to the 'Loan Terms' area. Here, fill in the loan amount, APR, interest rate, amount financed, finance charge, total of payments, loan term, and monthly payment. Confirm all numerical entries are accurate to ensure correct loan processing.
6. For the 'Payment Schedule' and 'Prepayment' sections, review the information provided. Note that prepayment can be made at any time without penalty.
7. In the 'Loan Amount Itemization' part, list the prepaid interest and amounts paid to taxing units. Include closing costs and recording costs with their respective amounts. Each entry must be detailed and precise.
8. Read the 'Tax Office Notice', which may offer additional options for handling delinquent taxes that could be less costly.
9. Complete the second page of the form as required, paying close attention to the information concerning alternatives to the property tax loan and risks associated with foreclosure.
10. Once all sections are filled, review the entire form for any errors. Make necessary corrections, then save your changes. You can download, print, or share the completed form.

Begin filling out your Figure: 7 TAC 89 online today to ensure you are managing your property tax loan effectively.