Royalty Payment Income
The following table provides verification requirements for royalty income.
✓ | Verification of Income From Royalty Payments |
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Obtain copies of the
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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.