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EPP Question

Date: Wed, 10/13/2010 - 08:00

Submitted by nfgilmore
on Wed, 10/13/2010 - 08:00

Posts: 23 Credits: [Donate]

Total Replies: 9


I know in my state (MO) you are only eligible for EPP once a year. Can anyone tell me if it is a year from the date it was initiated or a year from the date it is paid off?

Thank you


Quote:

Originally Posted by nfgilmore
Thank you, but my question is specific to the date of the EPP being initiated or the date it is paid off. I had one last year on Oct 12 but the lender is telling me I am not eligible but can't tell me the date that I am.


Good question! I would call the CFSA to verify.


lrhall41

Submitted by PDLOwner on Thu, 10/14/2010 - 08:05

( Posts: 1049 | Credits: )


Did you pay in Oct, Nov, Dec and then Jan? If so, the calendar year theory would mean you already had one in 2010 - if they're going by date of final payment. I like PDLO's suggestion. Give the CFSA a call and see if they have guidelines. If it's a MO law, call your Dept of Finance (or whatever it's called in your state).


lrhall41

Submitted by OhioGal1 on Thu, 10/14/2010 - 08:16

( Posts: 5253 | Credits: )


I did in fact call CFSA and the lender is a member and I am told it is 12 months from the date the EPP was initicated. Problem is apparently the "module" they (lender) are using doesn't recognize that and is saying I am not eligible. So they are working with their IT department to see if they can fix it.

@OhioGal, I started the EPP 10/9/2009 and it was finished being paid off in November 2009.


lrhall41

Submitted by nfgilmore on Thu, 10/14/2010 - 13:16

( Posts: 23 | Credits: )