Loan Applications. Dealer will comply with the Program’s procedures in taking and submitting loan applications and related documents from borrowers to the Company for the purchase of eligible home goods and services from Dealer and will ensure that all applications are digitally signed in-person by the borrower(s). Dealer may not approve or decline a loan application submitted by a borrower under the Program.
Loan Applications. The Company has used all of the loan proceeds received from the BankAtlantic Loan and the Monaco Loan, except as expressly approved by Monaco as to the Monaco Loan, only for the purposes for which such proceeds were required in the Company’s loan application.
Loan Applications. The Company shall be responsible for the accurate preparation and submission of a complete Loan Package including all required property and credit information for each proposed Loan submitted. The Loan Package shall conform to Provident Funding’s policies and procedures, including those set forth on the Website, as may be modified from time to time, including policies and procedures regarding eligibility criteria and registration procedures for the making of loans based on factors such as the type of loan, loan limits, loan-to-value ratios, interest rates, points and fees, payment features, documentation requirements, and appraisal and credit standards. The Company shall not submit in any Loan Package any false or erroneous information or statements, or omit any material fact necessary to make any statement or information included in the Loan Package true, accurate and complete. For purposes of this provision, the term “submit” shall mean submitting a Loan Package to Provident Funding with false, fraudulent or erroneous information, with actual knowledge thereof; or submitting a Loan Package to Provident Funding with false, fraudulent or erroneous information after failing to follow standard practices and procedures prevalent in the mortgage banking industry which, if followed, would have led to the discovery or disclosure thereof; or submitting a Loan Package to Provident Funding with false, fraudulent or erroneous information where such information was or, under applicable mortgage banking/brokering business standards and practices, should have been within the knowledge or control of the Company.
Loan Applications. A Participant who is on the payroll of the Employer or an Affiliated Company may apply for a loan from the Plan by executing a written promissory note, security agreement and any other documentation that the Plan Administrator may require, in the form prescribed by the Plan Administrator. Participants may not have outstanding more than one (1) loan at any given moment.
Loan Applications. A. Broker agrees that it will submit to GMACB completed Applications on behalf of prospective Borrowers for loans intended to be secured by a first or second mortgage (Deed of Trust) on improved 1-4 family residential property under such programs, terms, requirements and criteria as are set forth by GMACB from time to time (each, a “Loan”). All Applications submitted by Broker to GMACB pursuant to this Agreement shall conform to GMACB’s policies and procedures as established and as may be modified from time to time. GMACB shall periodically inform Broker of its eligibility criteria and registration procedures for the making of Loans based on factors such as the type of loan, loan limits, loan-to-value ratios, interest rates, points and fees, payment features, documentation requirements and credit standards. GMACB may also prescribe procedures for registration of Applications with GMACB, including, but not limited to, the procedure for locking-in the interest rate and/or points on loan requests. Broker shall obtain real estate appraisals only from those appraisers who are licensed or certified according to applicable State law requirements. All appraisals must meet secondary market requirements and in addition satisfy all requirements mandated by state and federal law, including without limitation, FIRREA, for the particular transaction. Broker shall strictly comply with GMACB’s loan application submission policies and procedures.
Loan Applications. All right, title and interest of Seller, at ----------------- the Closing Date (as defined in Section 6.1 hereunder), with respect to single family residential construction loan applications in process at the Department (the "Loan Applications"), subject to review and inventory by Purchaser, evidencing no material change at the Closing Date from the close of Purchaser's due diligence.
Loan Applications. All obligations of Seller pursuant to the Loan ----------------- Applications.
Loan Applications. The Loan Applications have been solicited and processed in the ordinary course of business consistent with past practice, including the application of credit criteria set forth on Schedule 7.21(e) hereto. The Loan Applications have also been solicited and processed in compliance, and the terms thereof comply, in all material respects, with Applicable Law, private mortgage insurance requirements, the requirements, guidelines and directives for origination of the Mortgage Agencies, the FHA, the VA and the other parties to the Takeout/Placement Commitments, including the Truth in Lending Act of 1969, Federal Reserve Regulation Z, the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Real Estate Settlement Procedures Act of 1974 (and Regulation X thereunder), the Flood Disaster Protection Act of 1973, the Fair Housing Act, the Home Mortgage Disclosure Act, the Financial Institutions Reform Recovery and Enforcement Act of 1989, and all Applicable Laws relating to usury, adjustable rates mortgages, negative amortization and graduated payment mortgages.
Loan Applications. Within the three (3) year period immediately preceding the Effective Date, neither Purchaser nor any of its Affiliates has been rejected for a loan application (including an application for an assumption of a loan) for any multifamily property.
Loan Applications. Correspondent shall submit to Green Tree from time to time loan application packages including but not limited to, a loan application, credit report, appraisal, title report, income and mortgage verification and proof of insurance (collectively referred to as "Loan Applications"), the types of which are within the guidelines as to dollar minimums and maximums, terms, rates, collateral and other requirements as will be from time to time mutually agreed upon by and between Correspondent and Green Tree, provided, however, that nothing herein shall be construed as creating any obligation on the part of Green Tree to purchase Loans funded in the Correspondent's name.
