CIT Consumer Finance definition

CIT Consumer Finance means The CIT Group/Consumer Finance, Inc., a Delaware corporation and its successors in interest as permitted hereunder.
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Examples of CIT Consumer Finance in a sentence

  • The Trust has been created pursuant to a Pooling and Servicing Agreement (the "Agreement"), dated as of March 1, 2002, among the Depositor, CIT Consumer Finance, as Seller and Master Servicer, the Conduit Seller and JPMorgan Chase Bank, as Trustee of the Trust (the "Trustee").

  • The Trustee shall be deemed conclusively to have complied with this Section if it follows the directions of CIT Consumer Finance.

  • In the event any tax that is guaranteed by CIT Consumer Finance is refunded to the Trust or otherwise is determined not to be payable, CIT Consumer Finance shall be repaid the amount of such refund or that portion of any guarantee payment made by CIT Consumer Finance that is not applied to the payment of such tax.

  • CIT Consumer Finance shall effect such repurchase by paying to the Master Servicer for deposit in the Certificate Account on the Business Day immediately preceding the Distribution Date in the month following the month in which the loan was repurchased, the aggregate of the Purchase Price of all Mortgage Loans that are required to be repurchased pursuant to the preceding sentence.

  • The Trustee shall have no obligation to pay any such amounts pursuant to this Section other than from moneys provided to it by CIT Consumer Finance or from moneys held in the funds and accounts created under this Agreement.

  • The Master Servicer shall give notice to the Trustee at the time of such repurchase of the amounts due from CIT Consumer Finance pursuant to the guarantee of CIT Consumer Finance and notice as to who should receive such payment.

  • The Combined Loan-to-Vaue Ratios for the first lien mortgages do not reflect the principal balance of any second lien mortgages, including those financed by CIT Consumer Finance or any of its affiliates.

  • The cost of obtaining such Opinion of Counsel shall be borne by CIT Consumer Finance.

  • CIT Consumer Finance is hereby appointed the Master Servicer until such time as any Service Transfer shall be effected under Article VII.

  • CIT Consumer Finance is duly qualified to do business as a foreign corporation and is in good standing in each jurisdiction in which the character of the business transacted by it or properties owned or leased by it requires such qualification and in which the failure so to qualify would have a material adverse effect on the business, properties, assets, or condition (financial or other) of CIT Consumer Finance.

Related to CIT Consumer Finance

  • Consumer loan means a loan to one or more individuals for household, fam- ily, or other personal expenditures. A consumer loan does not include a home mortgage, small business, or small farm loan. Consumer loans include the following categories of loans:

  • Consumer Loans means Loans to individuals for household, family and other personal expenditures (including United States and/or State-guaranteed student loans and extensions of credit pursuant to a credit card plan or debit card plan).

  • Post-Consumer Waste means any product generated by a business or consumer which has served its intended end use, and which has been separated or diverted from solid waste for the purpose of recycling into a usable commodity or product, and which does not include post-industrial waste.

  • Australian Consumer Law means the Australian Consumer Law set out in Schedule 2 of the Competition and Consumer Act 2010 (Cth).

  • Consumer Contract means an agreement between the Retailer and the Consumer that includes the supply of electricity and distribution services;

  • Consumer advocate means the consumer advocate referred to in Iowa Code chapter 475A.

  • American Express means American Express Limited.

  • International air transportation means transportation by air between a place in the United States and a place outside the United States or between two places both of which are outside the United States.

  • Consumer goods means goods that are used or bought for use primarily for personal, family, or household purposes.

  • Consumer account means an account established primarily for personal, family, or household use.

  • International Financial Institution means any bank in the top 1,000 (together with their affiliated companies) as measured by "Tier 1" capital or any broker/dealer in the top 100 as measured by capital.

  • Related Consumer Action means a private action by or on behalf of one or more consumers or an enforcement action by another governmental agency brought against Respondent based on substantially the same facts as described in Section IV of this Consent Order.

  • Consumer means any person who is supplied with electricity for his own use by a licensee or the Government or by any other person engaged in the business of supplying electricity to the public under this Act or any other law for the time being in force and includes any person whose premises are, for the time being, connected for the purpose of receiving electricity with the works of a distribution licensee, the Government or such other person, as the case may be;

  • Consumer credit means credit offered or extended to a consumer primarily for personal, family, or household purposes.