Borrower Becomes Totally and Permanently Disabled
The balance of your loan will be canceled if you become totally and permanently disabled.
- For purposes of cancellation, permanent and total disability is the inability to work and earn money because of an impairment that is expected to continue indefinitely or to result in death.
Please note:
- A partial disability, even a 95% disability does not qualify for disability cancellation.
- Also, receiving Social Security disability benefits does not automatically qualify a borrower for permanent and total disability cancellation.
If you become permanently and totally disabled, please have your physician send us a form certifying that the criteria for permanent and total disability have been met.
If you feel that you are eligible for cancellation, forms are available:
- By contacting our office (262-1791).
- On this web site, as described below.
Forms
If you print one of the forms listed below, it must be printed on white paper, using black ink.
- Disability Certification Form (Microsoft Word)
Return to Cancellation Page