Approved Mortgagee definition

Approved Mortgagee means a mortgagee or mortgagees approved for the purpose of section 7 of the Act;

Approved Mortgagee means any bank licensed under the Banking Act (Cap. 19) or any finance company licensed under the Finance Companies Act (Cap. 108), or such other mortgagee as may be approved by the Lessor in writing;

Approved Mortgagee means a mortgagee approved by the Minister by notification in the Gazette;

Examples of Approved Mortgagee in a sentence

• With respect to each Agency Security and to the extent necessary, Seller is an FHA Approved Mortgagee, a VA Approved Lender and a GNMA Approved Lender.

• Servicer is an approved servicer for FHA, FHLMC, FNMA, GNMA, HUD and VA, is an FHA Approved Mortgagee and is qualified to own and hold VA Mortgage Loans, and shall maintain such approvals throughout the term of this Agreement.

• Seller is an FHA Approved Mortgagee and, to the extent Seller is originating VA Loans, a VA Approved Lender.

• The Servicer is an FHA Approved Mortgagee in good standing to service mortgages, and has not been suspended as a mortgagee or servicer by the FHA and has the facilities, procedures and experienced personnel necessary for the sound servicing of mortgage loans of the same type as the Mortgage Loans.

• Each of the Seller and/or any Qualified Originator, if required and applicable, is an FHA Approved Mortgagee, a VA Approved Lender and a Rural Housing Service Approved Lender, in good standing to originate and service mortgages and has not been suspended as a mortgagee or servicer by the FHA, VA or RHS, as applicable.

More Definitions of Approved Mortgagee

Approved Mortgagee means a mortgagee approved by the Minister by notification in the Gazette for the purposes of this Act;

Approved Mortgagee have the meanings given to them in Clause 56;

Approved Mortgagee means an approved Lender that has a security interest in the Leased Premises that is subordinate to the Master Lease or to this Lease.

Approved Mortgagee means the mortgagee under any Approved Mortgage;

Approved Mortgagee means a commercial bank, savings bank, life insurance company, private or public pension fund or savings and loan association.

Approved Mortgagee has the meaning ascribed in the IXX;

Approved Mortgagee means a mortgagee or mortgagees approved for the purpose by the Minister and under the terms and conditions prescribed by regulations made under this section.