Common use of Authorized to Make Loans Clause in Contracts

Authorized to Make Loans. The Mortgage Lender is a mortgage banker, mortgage company or other financial institution that customarily provides service or otherwise aids in the financing of mortgage loans on single‑family residential housing, or is a holding company of one or more of the foregoing, and such Mortgage Lender is currently authorized to make mortgage loans in the State, and will remain so authorized.

Authorized to Make Loans. The Mortgage Lender is a mortgage banker, mortgage company or other financial institution that customarily provides service or otherwise aids in the financing of mortgage loans on single‑family single-family residential housing, or is a holding company of one or more of the foregoing, and such Mortgage Lender is currently authorized to make mortgage loans in the State, and will remain so authorized.