Common use of Eligible Loans Clause in Contracts

Eligible Loans. A. Only those Loans fully complying with the standards for Agency Conforming Conventional and Government Programs set forth in the Guide are eligible for purchase under this Agreement. Seller must be approved by Plaza and qualified and/or licensed to originate such Loans in the jurisdiction in which such Loans are originated. B. Seller shall be responsible for assuring that Loans submitted to Plaza comply with all terms and conditions of this Agreement and the Guide.

Appears in 3 contracts

Samples: Mini Correspondent Loan Purchase Agreement, Loan Purchase Agreement, Loan Purchase Agreement

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Eligible Loans. A. Only those Loans fully complying with the standards for Agency Conforming Conventional Conventional, Non-Conforming and Government Programs set forth in the Guide are eligible for purchase under this Agreement. Seller must be approved by Plaza and qualified and/or licensed to originate such Loans in the jurisdiction in which such Loans are originated. B. Seller shall be responsible for assuring that Loans submitted to Plaza comply with all terms and conditions of this Agreement and the Guide.

Appears in 2 contracts

Samples: Master Correspondent Loan Purchase Agreement, Master Correspondent Loan Purchase Agreement

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