MORTGAGE LOAN WARRANTIES Sample Clauses

MORTGAGE LOAN WARRANTIES. The Mortgage Lender shall be deemed to warrant to the Agency at the time of making of each Mortgage Loan pursuant to this Agreement that:
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MORTGAGE LOAN WARRANTIES. 12.1 Testing compliance with mortgage loan warranties Without prejudice to any subsequent determination of a breach of Mortgage Loan Warranty, the Administrator on behalf of the Issuer shall test compliance with the Mortgage Loan Warranties applicable to the Mortgage Portfolio on the Closing Date by reference to the circumstances existing as at the Closing Date and shall notify the Seller in writing of any breach of such Mortgage Loan Warranties within five (5) Business Days of the Closing Date.

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