Common use of Single-Premium Credit Life Insurance Policy Clause in Contracts

Single-Premium Credit Life Insurance Policy. In connection with the origination of any Acoustic Mortgage Loan, no proceeds from any Acoustic Mortgage Loan were used to finance or acquire a single-premium credit life insurance policy. No Mortgagor was required to purchase any single premium credit insurance policy (e.g., life, disability, accident, unemployment, or health insurance product) or debt cancellation agreement as a condition of obtaining the extension of credit. No Mortgagor obtained a prepaid single premium credit insurance policy (e.g., life, disability, accident, unemployment, mortgage, property or health insurance) in connection with the origination of the Acoustic Mortgage Loan; No proceeds from any Acoustic Mortgage Loan were used to purchase single premium credit insurance policies or debt cancellation agreements as part of the origination of, or as a condition to closing, such Acoustic Mortgage Loan;

Single-Premium Credit Life Insurance Policy. In connection with the origination of any Acoustic Mortgage Loan, no proceeds from any Acoustic Mortgage Loan were used to finance or acquire a single-premium credit life insurance policy. No Mortgagor was required to purchase any single premium credit insurance policy (e.g., life, disability, accident, unemployment, or health insurance product) or debt cancellation agreement as a condition of obtaining the extension of credit. No Mortgagor obtained a prepaid single premium credit insurance policy (e.g., life, disability, accident, unemployment, mortgage, property or health insurance) in connection with the origination of the Acoustic Mortgage Loan; No proceeds from any Acoustic Mortgage Loan were used to purchase single premium credit insurance policies or debt cancellation agreements as part of the origination of, or as a condition to closing, such Acoustic Mortgage Loan;