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St. Paul Deferred Energy Loan ProOree <br />SUHMM?y I <br />Dates of Operal.ions December 198t - March 1965 <br />Dollar Amount toaneds St. Paul. $625.Ow. 00 <br />llutst at e. $46. 700. 00 <br />Number of loans Hades St. Paul. 190 <br />"Astate. 18 <br />The. FRC acted as an ciriginator for NSP's privately capitalized <br />Deferred Energy Loan Program. The 7% simile interest loan <br />doesn't have to be repaid by the borrower witil they sell their <br />house. The liberal terms were created to determine their Pffect <br />on motivating persons to mab.e energy improvements. The loan" are <br />serviced by National Escrow Corp. St. Paul loans are owned by <br />First Trust Co. as trustee for the St. Paul IIRA and outstate <br />loans are ownrd by NSP. <br />Terms: <br />-7% interest rate , <br />-repayment on sale or transfwr of properly <br />-simple interest. <br />-minimum loan $500, mar,cmum loan 41'500 per unit <br />-no upper 7 ncome I s m t r, <br />Eligibilitys <br />-owner occupied 1­9 unit properties who received deferred <br />loan rffers <br />-eligible improvements include any item recommended by an <br />enercv audit <br />thrder wr c t i ngs <br />-all loans secured by lien on property <br />I <br />