Political Quotes

Lloyd Bentsen: “And under Section 127, would a routine prepayment within the 730-day period; as my colleague knows, with one's mortgage…”

On the recordOctober 9, 1998
And under Section 127, would a routine prepayment within the 730-day period; as my colleague knows, with one's mortgage statement they can have a routine prepayment on top of their annual mortgage payment or a home equity payment, for that matter, which is carried out within the 730 day period. Would that be considered routine, or would that be something where the debtor would have to fight in court to determine that that is not a fraudulent transfer?
Said by
Lloyd Bentsen
Texas
Source
govinfo.gov

Editor's note · Context

Discussing the implications of Section 127 regarding mortgage prepayments.

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