Licensed. The Company is licensed and qualified to transact the mortgage origination business in, and is in good standing under, the laws of each state in which real estate which secures a Mortgage is located or is otherwise exempt under applicable law from such licensing and qualification. There has been no unsatisfied demand made upon the Company by any state in which real estate which secures a Mortgage is located that the Company be licensed or qualified to transact the mortgage origination business under the laws of that state. The Company is in compliance with the laws of all states necessary to insure the enforceability of each Mortgage.
Appears in 4 contracts
Samples: Mortgage Purchase Agreement (Austin Funding Com Corp), Mortgage Purchase Agreement (Homegold Financial Inc), Mortgages Purchase Agreement (Austin Funding Com Corp)
