Types of Listings. In accordance with the requirements of New York State, the undersigned Owner(s) does (do) hereby acknowledge acceptance of the following two definitions:
Types of Listings. In accordance with the requirements of the State, the undersigned Owner(s) does (do) hereby acknowledge acceptance of the following two definitions:
Types of Listings. In accordance with the requirements of the State of Florida, the undersigned Seller(s) does (do) hereby acknowledge acceptance of the following two definitions: Broker as Single Agent or Transaction Agent. Seller retains Broker in the capacity of: Single Agent Transaction Broker
Types of Listings. Two types of listings may be posted on the platform: (1) listings posted by Prosper borrowers requesting a loan (“Prosper borrower listings”), and (2) listings posted by originators describing existing loans owned by the originator and offered for sale on the platform (“open market listings”). All loans to borrowers resulting from open market listings will be made to borrowers by WebBank, a Utah-chartered industrial bank (“WebBank”) from its own funds and then subsequently sold and assigned by WebBank to Prosper. Borrower loans described in open market listings are existing loans that are owned by the originator that posted the listing, whether or not such originator originally made the loan, and may include secured or unsecured loans.
Types of Listings. Two types of listings may be posted on the platform: (1) listings posted by Prosper borrowers requesting a loan (“Prosper borrower listings”), and (2) listings posted by originators describing existing loans owned by the originator and offered for sale on the platform (“open market listings”). All loans to borrowers resulting from open market listings will be made to borrowers by WebBank, a Utah-chartered industrial bank (“WebBank”) from its own funds and then subsequently sold and assigned by WebBank to Prosper. Borrower loans described in open market listings are existing loans that are owned by the originator that posted the listing, whether or not such originator originally made the loan, and may include secured or unsecured loans. Types of Bids. You can bid selectively by browsing through listings and placing a bid on the listing or listings that you choose. You can also bid by making a “portfolio plan” by indicating the aggregate amount of your funds to be bid on listings that meet specified borrower criteria, the maximum amount that may be bid on one listing, the type of listing, the minimum interest rate you are willing to receive, and the specific borrower criteria such as the credit grade or grades of your borrowers, credit, income or employment characteristics of your borrowers, group affiliation or debt-to-income ratio. You may have more than one portfolio plan in place at one time, and you may bid selectively while one or more portfolio plans are in place. Availability of Funds. At the time you place a bid you must have funds on deposit with Prosper in at least the amount of your bid, and you are not permitted to withdraw those funds for so long as your bid is “winning” as described in Section 3 below. Your funds will be placed in an FDIC-insured non-interest bearing account at Xxxxx Fargo Bank, N. A. (the “Prosper funding account”) separate from Prosper’s own funds. At the time you register as a lender, you must provide your deposit account information to facilitate electronic transfers of funds to and from the Prosper funding account and your deposit account. You will not earn interest on funds in the Prosper funding account. All of your funds in the Prosper funding account that are not committed to winning bids are available for further bidding. You may at any time request that your uncommitted funds in the Prosper funding account be returned to you, in which case Prosper will promptly return the remaining funds to your deposit account usin...
Types of Listings. Two types of listings may be posted on the platform: (1) listings posted by Prosper borrowers requesting a loan (“Prosper borrower listings”), and (2) listings posted by loan sellers describing existing direct loans or retail installment sale contracts owned by the loan seller and offered for sale on the platform (“open market listings”). All loans to borrowers resulting from Prosper borrower listings (“Prosper borrower loans”) will be made to borrowers by WebBank, a Utah-chartered industrial bank (“WebBank”) from its own funds and then subsequently sold and assigned by WebBank to Prosper. Borrower loans described in open market listings (“open market loans”) are existing loans that are owned by the loan seller that posted the listing, whether or not such loan seller originally made the loan, and may include secured or unsecured loans. References in this Agreement to “borrower loans” or “loans” shall mean both Prosper borrower loans and open market loans, and in the context of open market listings shall be deemed to include both direct loans and retail installment sale contracts.
