Common use of Ability to Repay Clause in Contracts

Ability to Repay. Before originating the Mortgage Loan, the originator made a reasonable and good faith determination that the borrower would have a reasonable ability to repay the loan according to its terms, in accordance with the “ability to repay” standards of the federal Truth in Xxxxxxx Xxx, 00 X.X.X. 0000x(x), and Regulation Z, 12 C.F.R. 1026.43, as may be amended from time to time.

Ability to Repay. Before originating the Purchased Mortgage Loan, the originator made a reasonable and good faith determination that the borrower would have a reasonable ability to repay the loan according to its terms, in accordance with the “ability to repay” standards of the federal Truth in Xxxxxxx Xxx, 00 X.X.X. 0000x(x), and Regulation Z, 12 C.F.R. 1026.43, as may be amended from time to time.

Ability to Repay. Before originating the Mortgage Loan, the originator made a reasonable and good faith determination that the borrower would have a reasonable ability to repay the loan according to its terms, in accordance with the “ability to repay” standards of the federal Truth in Xxxxxxx XxxLending Act, 00 X.X.X. 0000x(x15 U.S.C. 1639c(a), and Regulation Z, 12 C.F.R. 1026.43, as may be amended from time to time.

Ability to Repay. Before originating the Purchased Mortgage Loan, the originator made a reasonable and good faith determination that the borrower would have a reasonable ability to repay the loan according to its terms, in accordance with the “ability to repay” standards of the federal Truth in Xxxxxxx Xxx, 00 X.X.X. 0000x(x), and Regulation Z, 12 C.F.R. 1026.43, as may be amended from time to time.. (sss)