Mortgagee’s Representation Clause Samples

The Mortgagee’s Representation clause sets out the statements and assurances made by the mortgagee (the lender) regarding their authority, capacity, and legal standing to enter into the mortgage agreement. Typically, this clause confirms that the mortgagee has the right to lend, is not restricted by any other agreements, and that all necessary approvals have been obtained. By including these representations, the clause helps ensure that the borrower can rely on the mortgagee’s legal ability to provide the loan, thereby reducing the risk of disputes or invalidation of the agreement due to lack of authority.