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. 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. 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. All Loan Applications reflect the best information reasonably available to Borrower at the time of preparation of such Loan Applications. To the best of Borrower's and DMB's knowledge, no Loan Application omits any information necessary to make such Loan Application, or any component thereof, not materially misleading. Except as disclosed with particularity and specificity in a Loan Application, such Loan Application complies with all the Loan Criteria.
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.
B. Broker understands that Applications submitted to GMACB pursuant to this Agreement will be underwritten by GMACB in accordance with GMACB’s underwriting guidelines in effect at the time of such submission. Upon the acceptance of an Application by GMACB, Broker hereby assigns all of its right, title and interest in and to the Application to GMACB.
C. Nothing contained in this Agreement shall be construed as creating any obligation of GMACB to accept and/or approve any Application submitted by Broker or to fund any Loan in connection with any Application submitted by Broker and for which no commitment exists. GMACB shall have no obligation or liability to Broker or any third party Borrower, for whom an application has been accepted by Broker, for refusing to approve a loan application.
D. Broker shall not hold itself out to prospective Borrowers as having the authority to approve loan requests or to issue loan commitments on behalf of GMACB. Broker shall not represent that GMACB has approved or will approve any loan request until...
Loan Applications. If Buyer is to pay all or part of the Purchase Price obtaining an new loan, or if an existing loan is not to be released at Closing, Buyer, if required by such lender, shall make written application by Loan Application Deadline (Sec.2c). Buyer shall cooperate with Seller and lender to obtain loan approval, diligently and timely pursue same in good faith, execute all documents and furnish all information and documents required by lender, and, subject to Sec.4, timely pay the cost of obtaining such loan or lender consent. Buyer agrees to satisfy the reasonable requirements of lender, and shall not withdraw the loan or assumption application, nor intentionally cause any change in circumstances which would prejudice lender's approval of the loan application or funding of the loan.
