Common use of SETTLEMENT TERMS AND CONDITIONS Clause in Contracts

SETTLEMENT TERMS AND CONDITIONS. The Registrant is willing to resolve the violations 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. The 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. The Registrant agrees to pay a fine of $5,000 in twelve monthly installments, with the first installment of $600 due upon execution of this Agreement. The remaining eleven payments of $400 are due by the 15th of each successive month until the fine is fully paid. 3. The 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 violations 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. The 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. The Registrant agrees to pay a fine of $5,000 3,000 in twelve six monthly installments, with the first installment of $600 500 due upon execution of this Agreement. The remaining eleven five payments of $400 500 are due by the 15th day of each successive month until the fine is fully paid. 3. The 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 violations 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. The 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. The Registrant agrees to pay a fine of $5,000 2,000 in twelve ten monthly installments, with the first installment of $600 200 due upon execution of this Agreement. The remaining eleven nine payments of $400 200 are due by the 15th of each successive month until the fine is fully paid. 3. The Registrant further agrees that such payment will be made in immediately available funds in accordance with Department the Department’s payment instructions.

SETTLEMENT TERMS AND CONDITIONS. The Registrant is willing to resolve the violations 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. The 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. The Registrant agrees to pay a fine of $5,000 in twelve ten monthly installments, with the first installment of $600 500 due upon execution of this Agreement. The remaining eleven nine payments of $400 500 are due by the 15th of each successive month until the fine is fully paid. 3. The Registrant further agrees that such payment will be made in immediately available funds in accordance with Department payment instructions. Failure to make timely payments on any of the installments shall result in immediate revocation of Payless Mortgage’s registration.