Compliance with Underwriting Procedures. The Receivable was underwritten according to the Underwriting Procedures in effect at the time, in all material respects.
Compliance with Underwriting Procedures. The Lease was underwritten according to the Underwriting Procedures in effect at the time, in all material respects.
Compliance with Underwriting Procedures. The Receivable was underwritten according to the Underwriting Procedures in effect at the time in all material respects. Test 3.3(f) — 1: Contract Form Observe the form number and revision date on the Contract and confirm they are on the List of Approved Contract Forms. Test 3.3(f) — 2: Financed Vehicle Description Observe the Contract and confirm the description of the Financed Vehicle, including the vehicle identification number, year, make and model, new, used or demo and use, matches the vehicle information for the Receivable in Ford Credit’s receivables systems. Observe each Ancillary Document, if any, and confirm any information describing the Financed Vehicle matches the corresponding information in the Contract. Test 3.3(f) — 3: Net Trade Information Observe the Contract and confirm the net trade-in amount, if any, equals the difference between the value of the trade-in vehicle and the amount the Obligor owes for the trade-in. Test 3.3(f) — 4: Fees and Additional Products Observe the fees, if any, included in the “Itemization of Amount Financed” section of the Contract and confirm they do not exceed the limits stated in the applicable Ford Credit procedure. Observe the amount for each additional product, if any, included in the “Itemization of Amount Financed” section of the Contract and confirm each amount does not exceed the advance cap amount stated in the applicable Ford Credit procedure. Test 3.3(f) — 5: Contract Signed Observe the Contract and confirm signatures are present for the Dealer and the Obligor. Test 3.3(f) — 6: Insurance Signatures Observe the insurance section of the Contract and confirm that no insurance products were purchased or, if so, confirm signatures are present for the Obligor in the insurance section of the Contract. Test 3.3(f) — 7: Dealer Confirmation Observe the Dealer name on the Contract and confirm it matches the Dealer name on the Dealer Assignment. Test 3.3(f) — 8: Additional Document Requirements Observe the Receivable in Ford Credit’s receivables systems and confirm that no additional document requirements are indicated for origination or, if so, confirm all required documents are in the Receivable File. Representation and Warranty (Section references are to the Receivables Purchase Agreement) Tests Test 3.3(f) — 9: Notice to Co-Signer Observe the Contract and confirm the Financed Vehicle is purchased for personal use and, if so, confirm if a “Notice to Cosigner” document is required by the applicable Ford Cred...
Compliance with Underwriting Procedures. The Receivable was underwritten according to the Underwriting Procedures in effect at the time in all material respects. Test 3.3(f) – 1: Contract Form Observe the form number and revision date on the Contract and confirm they are on the List of Approved Contract Forms. Test 3.3(f) – 2:
