This new statement must range from the after the information regarding for each mortgage or line of credit:

Towards otherwise in advance of Summer step 1 each and every year, lenders ought to provide this new SBF Directorate which have separate outlined overview of all term finance as well as on lines of credit the since elizabeth year.

• the latest membership count;
• the latest borrower's title;
• to own term loans, the principal outstanding and not yet , owed and you will payable as of February 29,
• the latest a fantastic matter owed on the line out-of credit by March 30, and;
• the fresh new a fantastic dominating and you may attract which had been due and you will payable since the regarding February 30 for everybody label funds and you may personal lines of credit inside the default, along with men and women in which a declare having losses might have been recorded not paid off. In these instances, loan providers need to statement the latest big date of the last fee of principal and you may interest.