Common use of Acknowledgement of Anti-Predatory Lending Policies Clause in Contracts

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).

Appears in 12 contracts

Samples: Seller's Warranties and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-A1), Seller's Warranties and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-A2), Seller's Warranties and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-A3)

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