Common use of Borrower Certifications Clause in Contracts

Borrower Certifications. The Borrower shall complete and provide to the Lender on an annual basis a certification, in a form prescribed by the Lender, stating whether the Property remains the Borrower’s Principal Residence and, if applicable, the Principal Residence of the Borrower’s Eligible Non-Borrowing Spouse. Where a Borrower has identified an Eligible Non- Borrowing Spouse, the Borrower shall also complete and provide to the Lender on an annual basis an Eligible Non-Borrowing Spouse certification, in a form prescribed by the Lender, certifying that all requirements for the application of a Deferral Period continue to apply and continue to be met. During a Deferral Period, the Borrower’s Principal Residency annual certifications, required by this Section, must continue to be completed and provided to the Lender by the Eligible Non-Borrowing Spouse.

Appears in 2 contracts

Samples: Hecm Fixed Interest Rate Loan Agreement, Hecm Adjustable Interest Rate Loan Agreement

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Borrower Certifications. The Borrower shall complete and provide to the Lender on an annual basis a certification, in a form prescribed by the Lender, stating whether the Property remains the Borrower’s Principal Residence and, if applicable, the Principal Residence of the Borrower’s his or her Eligible Non-Borrowing Spouse. Where a Borrower has identified an Eligible Non- Non-Borrowing Spouse, the Borrower shall also complete and provide to the Lender on an annual basis an Eligible Non-Borrowing Spouse certification, in a form prescribed by the Lender, certifying that all requirements for the application of a Deferral Period continue to apply and continue to be met. During a Deferral Period, the Borrower’s Principal Residency annual certifications, required by this SectionParagraph, must continue to be completed and provided to the Lender by the Eligible Non-Borrowing Spouse.

Appears in 1 contract

Samples: Loan Agreement

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Borrower Certifications. The Borrower shall complete and provide to the Lender on an annual basis a certification, in a form prescribed by the Lender, stating whether the Property remains the Borrower’s Principal Residence and, if applicable, the Principal Residence of the Borrower’s his or her Eligible Non-Borrowing Spouse. Where a Borrower has identified an Eligible Non- Non-Borrowing Spouse, the Borrower shall also complete and provide to the Lender on an annual basis an Eligible Non-Borrowing Spouse certification, in a form prescribed by the Lender, certifying that all requirements for the application of a Deferral Period continue to apply and continue to be met. During a Deferral Period, the Borrower’s Principal Residency annual certifications, required by this Section, must continue to be completed and provided to the Lender by the Eligible Non-Borrowing Spouse.

Appears in 1 contract

Samples: Conversion Mortgage Loan Agreement Fixed Interest Rate

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