Common use of SETTLEMENT TERMS AND CONDITIONS Clause in Contracts

SETTLEMENT TERMS AND CONDITIONS. The Registrant is willing to resolve the violation cited herein by entering into this Agreement and freely and voluntarily waives its right to a hearing under Banking Law Sections 44 and 598 on such violations. Therefore, in consideration of the promises and covenants set forth herein, the Settling Parties agree, as follows: 1. Registrant agrees to take all necessary steps to ensure its compliance with all applicable federal and state laws, regulations, and supervisory requirements relating to its mortgage business. 2. Registrant agrees to the payment of a fine in the amount of $7,500 in eleven equal installments, with the exception of the first installment payment which shall be in the amount of $1,000 upon the execution of this Agreement. The remaining installment payments of $650 are to be received by the 15th of each month until the fine is fully paid. The installments shall be made in electronic transfers, in immediately available funds, pursuant to transfer instructions received from the Department. Failure to make timely payment on any of the installments shall result in immediate revocation of Registrant’s registration. 3. Registrant further agrees that such payment will be made in immediately available funds in accordance with Department payment instructions.

SETTLEMENT TERMS AND CONDITIONS. The Registrant is willing to resolve the violation cited herein by entering into this Agreement and freely and voluntarily waives its right to a hearing under Banking Law Sections 44 and 598 on such violations. Therefore, in consideration of the promises and covenants set forth herein, the Settling Parties agree, as follows: 1. Registrant agrees to take all necessary steps to ensure its compliance with all applicable federal and state laws, regulations, and supervisory requirements relating to its mortgage business. 2. Registrant agrees to the payment of a fine in the amount of $7,500 5,000 in eleven twelve equal installments, with the exception of the first installment payment which shall be in the amount of $1,000 435 upon the execution of this Agreement. The remaining installment payments of $650 415 are to be received by the 15th of each month until the fine is fully paid. The installments shall be made in electronic transfers, in immediately available funds, pursuant to transfer instructions received from the Department. Failure to make timely payment on any of the installments shall result in immediate revocation of Registrant’s registration. 3. Registrant further agrees that such payment payments will be made in immediately available funds in accordance with Department payment instructions.

SETTLEMENT TERMS AND CONDITIONS. The Registrant is willing to resolve the violation cited herein by entering into this Agreement and freely and voluntarily waives its right to a hearing under Banking Law Sections 44 and 598 on such violations. Therefore, in consideration of the promises and covenants set forth herein, the Settling Parties agree, as follows: 1. Registrant agrees to take all necessary steps to ensure its compliance with all applicable federal and state laws, regulations, and supervisory requirements relating to its mortgage business. 2. Registrant agrees to the payment of a fine in the amount of $7,500 10,000 in eleven twelve equal installments, with the exception of the first installment payment which shall be in the amount of $1,000 837 upon the execution of this Agreement. The remaining installment payments of $650 833 are to be received by the 15th of each month until the fine is fully paid. The installments shall be made in electronic transfers, in immediately available funds, pursuant to transfer instructions received from the Department. Failure to make timely payment on any of the installments shall result in immediate revocation of Registrant’s registration. 3. Registrant further agrees that such payment will be made in immediately available funds in accordance with Department payment instructions.

SETTLEMENT TERMS AND CONDITIONS. The Registrant is willing to resolve the violation cited herein by entering into this Agreement and freely and voluntarily waives its right to a hearing under Banking Law Sections 44 and 598 on such violations. Therefore, in consideration of the promises and covenants set forth herein, the Settling Parties agree, as follows: 1. Registrant agrees to take all necessary steps to ensure its compliance with all applicable federal and state laws, regulations, and supervisory requirements relating to its mortgage business. 2. Registrant agrees to the payment of a fine in the amount of $7,500 5,000 in eleven twelve equal installments, with the exception of the first installment payment which shall be in the amount of $1,000 435 upon the execution of this Agreement. The remaining installment payments of $650 415 are to be received by the 15th of each month until the fine is fully paid. The installments shall be made in electronic transfers, in immediately available funds, pursuant to transfer instructions received from the Department. Failure to make timely payment on any of the installments shall result in immediate revocation of Registrant’s registration. 3. Registrant further agrees that such payment will be made in immediately available funds in accordance with Department payment instructions.

SETTLEMENT TERMS AND CONDITIONS. The Registrant is willing to resolve the violation cited herein by entering into this Agreement and freely and voluntarily waives its right to a hearing under Banking Law Sections 44 and 598 on such violations. Therefore, in consideration of the promises and covenants set forth herein, the Settling Parties agree, as follows: 1. Registrant agrees to take all necessary steps to ensure its compliance with all applicable federal and state laws, regulations, and supervisory requirements relating to its mortgage business. 2. Registrant agrees to the payment of a fine in the amount of $7,500 5,000 in eleven twelve equal installments, with the exception of the first installment payment which shall be in the amount of $1,000 435 upon the execution of this Agreement. The remaining installment payments of $650 415 are to be received by the Department by the 15th of each month until commencing in the fine month after this Agreement is fully paideffective. The installments shall be made in electronic transfers, in immediately available funds, pursuant to transfer instructions received from the Department. Failure to make timely payment on any of the installments shall result in immediate revocation of Registrant’s registration. 3. Registrant further agrees that all such payment will be made in immediately available funds in accordance with Department the Department’s payment instructions.