Common use of Acceptance/Rejection of Loan Clause in Contracts

Acceptance/Rejection of Loan. Arc may accept or reject any Loan for purchase in its sole reasonable discretion based on, without limitation, applicable eligibility, underwriting, program, and origination guidelines as interpreted by Arc. If the proposed Loan is rejected, Xxx shall promptly return the Credit File and/or Loan File to Seller.

Acceptance/Rejection of Loan. Arc may accept or reject any Loan for purchase in its sole reasonable discretion based on, without limitation, applicable eligibility, underwriting, program, and origination guidelines as interpreted by Arc. If the proposed Loan is rejected, Xxx Arc shall promptly return the Credit File and/or Loan File to Seller.