Royalty Payment Income
The following table provides verification requirements for royalty income.
|✓||Verification of Income From Royalty Payments|
|Obtain copies of the
|Confirm that the borrower has received royalty payments for at least 12 months and that the payments will continue for a minimum of three years after the date of the mortgage application.|
Refer to the Variable Income section of B3-3.1-01, General Income Information, for additional information.