Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company Loan Type APR Est. Pmt.

Box 5 check No

Posted on: 08th Apr, 2010 10:50 am
If the bank has checked No on Box 5 of the 1099-A form, does that mean that they will not ask me to repay that balance?
Hi LLS,

The box number 5 on the 1099A Form shows whether you are personally liable for the repayment of the loan. If the box 5 is checked as 'No', it means you are not personally liable to repay the loan and the lender does not seem to be coming after you to recover the balance from you.

Thanks,

Jerry
Posted on: 09th Apr, 2010 12:13 am
Page loaded in 0.057 seconds.