Exceptions to Policy. It is the expectation of DRFS that this policy will address the vast majority of sales transactions. However, the company recognizes that this policy cannot address every situation that is likely to arise in the purchase and lending process. Therefore, the company grants total authority to the VP Client Services, National Contracts Manager or the Director of Operations to grant exceptions to this policy on a discretionary basis. Each exception granted shall be documented in 1) the credit file. Notwithstanding such exception authority, all transactions must comply with applicable federal and state laws and regulations. 07/31/00 1.0 New document 01/19/01 2.0 Revised 03/14/01 3.0 Revised 03/29/01 4.0 Revised 03/30/01 5.0 Revised 06/01/01 6.0 Revised 08/27/01 7.0 Revised 06/01/02 8.0 Revised 07/19/02 9.0 Revised (distributed August 7, 2002) 01/27/03 10.0 Revised 07/11/03 11.0 Revised 01/02/04 11.1 Revised to correct approval permissions 07/23/04 11.2 Revised paragraph for Exceptions to Policy 04/25/05 12.0 Revisions to interest rates- effective 5/2/05 01/09/06 13.0 Revised (effective 6/30/2006) 04/17/07 14.0 Added grey paper, adjusted titles 06/14/07 14.1 Revised Underwriting criteria: Item 7: Judgments and/or Liens for Deeded Property Sales 06/14/07 14.2 Added Underwriting criteria: Item 8: Judgments and/or Liens Trust for Based Sales 06/14/07 14.3 Added new term – 50% down w/0% interest for 12 month term 10/26/07 14.5 Added new term – Tier 1 10% down 180 month term 11/27/07 14.6 Revised Tier 1 a/d rate to 14.9% - effective 12/1/07 06/17/08 14.7 Update to Diamond Template 06/18/08 14.8 Revised – removed 180 month term effective 6/21/08 9/17/08 14.9 Revised – Eliminated surepay discount –; Eliminated Grey Paper financing option 04/04/2009 15.0 Revised – Tier 1 added 15% @ 16.9%; Tier 1-3 Existing Owners 15% @ 14.9%; 25% @ 13.9%; added 84, 60 month terms to all options; Effective 4/4/09 5/18/09 15.1 Revised – Adjusted FICO limits for Tiers 1 – 7; Added grey paper for FICO <600; Credit exceptions automatically place loan as grey paper regardless of FICO score. Effective: 5/20/2009 10-29-2010 15.2 Revised – Added financed cap of $50,000 per loan effective 10/29/2010 Type of exception: ¨ Credit / Financing ¨ Pricing ¨ Policy Credit Information: Completed credit app: ¨ Yes ¨ No FICO Tier: Source of Down Pmt: Down Pmt %:
Exceptions to Policy. No intended exceptions to this policy will occur without the Client's prior approval.
Exceptions to Policy. The Board acknowledges that, under rare circumstances, certain staff will need to employ systems or processes that are not compliant with this policy. The superintendent must approve, in writing, all such instances in advance.
Exceptions to Policy. All requests for an exception to any part of the policy must be presented in writing or through electronic data from the client’s assigned Case Manager to the TANF Manager. The Manager’s denial or acceptance of the exception to this policy will be put in writing within five (5) business days of the request. A copy will be placed in the client’s file and a copy given to the client. No exceptions may be granted that is contrary to the federal TANF regulations. All Exceptions to Policy will be sent to the Executive Director of Family Advocacy for Final Approval.
Exceptions to Policy. The Contractor shall submit to the DSHS Contact a prior written request for any Exceptions. The DSHS Contact shall provide the Contractor with a written confirmation of the status (approved, denied or pending) of the request within ten (10) business days of its receipt. The DSHS Contact shall provide a justification for the decision.
Exceptions to Policy. The USAREUR PM, through the Registrar, may grant exceptions to policy in this publication unless prevented from doing so by international agreements or other directives. Requests for exceptions to policy will be sent through command channels to the USAREUR Registry of Motor Vehicles (AEOP- PM-VR), Unit 29230, APO AE 09136-9230 or at email: usarmy.sembach.usareur.list.rmv-cust- xxx@xxxx.xxx.
Exceptions to Policy. President, MCU has authority to waive the requirements above on a case-by-case basis (e.g. agreement for a term longer than five years).
Exceptions to Policy. CDS may refuse to accept a Security as eligible or may discontinue, for any particular Service, the eligibility of any Eligible Security previously accepted for any reason, including any one of the following where:
a) CDS lacks the operational capability or may be unable to obtain sufficient information regarding the Security to permit the performance with respect to such Security of the Services ordinarily rendered by CDS with respect to Securities;
b) the market for the Security has not demonstrated liquidity sufficient to permit reasonable liquidation of positions therein;
c) a Security, other than a corporate bond, is neither traded on the SEM nor subject to quotations (representing bona fide offers to Participants to buy and sell in reasonable quantities at stated prices);
d) a Security of an Issuer who is in default on payments of declared dividends, interest or face value;
e) a Security the trading of which has been suspended by the order of the FSC, by the SEM or by any other authority having the power to suspend trading in such Security; (Amended 11/4/08)
f) during the preceding six consecutive months the level of activity in CDS concerning the Security or the level of service provided by the transfer agent or the Issuer in connection therewith has been insufficient to render the continued eligibility of the Security practical;
g) the continued eligibility of the Security may adversely affect the financial condition of CDS or of Participant who uses a Service, as deemed by CDS necessary or appropriate in the public interest in view of the CDS overall capabilities.
