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Instructions for Form 5405Department of the Treasury
Internal Revenue Service(Rev. December 2017)Repayment of the First-time Homebuyer Credit
Section references are to the Internal Revenue Code unless
otherwise
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What is repayment requirement?
The repayment requirement is the obligation to repay a loan or debt according to the terms agreed upon.
Who is required to file repayment requirement?
The borrower or debtor is required to file the repayment requirement.
How to fill out repayment requirement?
The repayment requirement can typically be filled out online or by submitting a form provided by the lender.
What is the purpose of repayment requirement?
The purpose of the repayment requirement is to ensure that the borrower fulfills their obligation to repay the loan or debt.
What information must be reported on repayment requirement?
The repayment requirement usually requires information such as the loan amount, interest rate, repayment schedule, and any other terms and conditions of the loan.
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