Word: payments
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Dates: during 1970-1979
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Upper-income home owners have not been severely affected by the col lapse of the mortgage market. The wealthy still trade $100,000 houses and co-op apartments among themselves - though sellers sometimes have to ac cept paper payment in the form of private mortgages from buyers who cannot get bank financing. Large corporations ease the financial pains of executives who are transferred from one part of the country to another. When Olin Corp. moved Sales Representative Geoffrey Belanger and his family from Old Bridge, N.J., to Boston recently, it gave him an interest-free loan of $13,000, representing...
...company also assumed payment of interest and taxes on the Old Bridge house until Belanger could sell it, and promised to make up the difference if he had to let it go for less than its appraised worth...
Harvard's Deferred Payment Plan, which allows students to pay their University bills in monthly installments, may be in violation of the Massachusetts Truth-in-Lending Act, the Harvard Law Record reported yesterday...
...possible violation exists in the failure of the Harvard Loan Department's Deferred Payment Plan form to specify as interest the $15 per semester "service charge...
About 4000 students throughout the University participate in the deferred payment plan...