Acknowledgement of Anti-Predatory Lending Policies. Buyer has in place internal policies and procedures that expressly prohibit its purchase of any High Cost Mortgage Loan.
Acknowledgement of Anti-Predatory Lending Policies. Administrative Agent has in place internal policies and procedures that expressly prohibit its purchase of any High Cost Mortgage Loan.
Acknowledgement of Anti-Predatory Lending Policies. On the Purchase Date, Purchaser has in place internal policies and procedures that expressly prohibit its purchase of any high cost Mortgage Loan as specified in Section 3.02 (rr).
Acknowledgement of Anti-Predatory Lending Policies. On each Closing Date, Purchaser has in place internal policies and procedures that expressly prohibit its purchase of any Mortgage Loan which breaches Section 3.02(tt).
Acknowledgement of Anti-Predatory Lending Policies. As of the applicable Closing Date, the Purchaser has in place internal policies and procedures that expressly prohibit its purchase of any Mortgage Loan classified as (a) a “high cost” loan under the Home Ownership and Equity Protection Act of 1994 or (b) a “high cost,” “threshold,” “covered,” or “predatory” loan under any other applicable state, federal or local law (or a similarly classified loan using different terminology under a law, regulation or ordinance imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees).
Acknowledgement of Anti-Predatory Lending Policies. Each Buyer has in place internal policies and procedures that expressly prohibit its purchase of any High Cost Mortgage Loan.
Acknowledgement of Anti-Predatory Lending Policies. Seller and Buyer each have in place internal policies and procedures that expressly prohibit their purchase of any high cost mortgage loan. (ss) Recognition of the U.S. Special Resolution Regimes.
(a) In the event that Buyer becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer from Buyer of this Agreement and/or the Repurchase Documents, and any interest and obligation in or under this Agreement and/or the Repurchase Documents, will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this Agreement and/or the Repurchase Documents, and any such interest and obligation, were governed by the laws of the United States or a state of the United States.
(b) In the event that Buyer or a BHC Act Affiliate of Buyer becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under this Agreement and/or the Repurchase Documents that may be exercised against Buyer are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if this Agreement and/or the Repurchase Documents were governed by the laws of the United States or a state of the United States.
Acknowledgement of Anti-Predatory Lending Policies. As of the applicable Closing Date, the Purchaser has in place internal policies and procedures that expressly prohibit its purchase of any Mortgage Loan classified as (a) a "high cost" loan under the Home Ownership and Equity Protection Act of 1994 or (b) a "high cost home," "threshold," "
Acknowledgement of Anti-Predatory Lending Policies. Borrower and Lender each have in place internal policies and procedures that expressly prohibit their purchase of any High Cost Mortgage Loan.
Acknowledgement of Anti-Predatory Lending Policies. Buyer has in place internal policies and procedures that expressly prohibit its purchase of any High Cost Mortgage Loan."
Section 8. Representations and Warranties with Respect to the Purchased Mortgage Loans. Schedule 1 of the Existing Repurchase Agreement is hereby amended by deleting sub-clause (ee) in its entirety and replacing it with the following language:
