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The name of the Fifth Assignment of Salary comes in the fact that the maximum volume of repayment of the mortgage loan won't exceed i/5 (ie 20%) of net monthly salary carried on. The maximum allowed is 120 seasons and the minimum is generally less than twenty-four weeks. Web Site The maximum length can't exceed the word of employment along with their golden years, except for ministerial employees, who may well decide whether to pay off of the debt or translate it on the panel. Today it is possible to access the Assignment of salary even with the Retired and also in this case the term just can't exceed the 90th year of grow older. The laws provides that, upon conclusion of the contract with the finance company, it also enters into an insurance risk living and work. In the case of "employment risk" insurance intervenes, but is entitled to claim against the debtor, within just the limits of the TFR (TFR) accrued up to that stage: that figure, in a particular finance reserve from the company, consequently remains unavailable to the borrower who is looking for the backing along with is thus in favor of financial insurance. In the case of "life risk" insurance operates, without right to declare compensation against the heirs. Web Site

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