Covered Loans means (a) the Mortgage Loans identified as the “Covered Loans” in The RMBS Trustees’ Motion to (i) Increase the Reserve to $12.143 Billion and (ii) Estimate and Allow Their Claims for Covered Loans at $12.143 Billion Pursuant to Section 502(c) of the Bankruptcy Code (ECF Doc. No. 46078), dated August 22, 2014, filed by the Trustees in the Bankruptcy Proceeding, and (b) the additional Mortgage Loans identified as “Covered Loans” in the Status Report of the RMBS Trustees with respect to Compliance with the Protocol and the Motion to Extend the Overall Claim File Cut-Off Date for Certain Loans under the Protocol Order and For Related Relief (ECF Doc. No. 52342).

Covered Loans means loans originated by Western Sky to individuals identified as Florida residents in Western Sky loan agreements and subsequently purchased by WS Funding and serviced by CashCall or Delbert, specifically including loans owned by Defendants but not paid off by a Florida Borrower.

Covered Loans means Loans acquired by Center Financial or any of its Subsidiaries in an FDIC-assisted acquisition that are subject to a loss sharing agreement with the FDIC.

Examples of Covered Loans in a sentence

Under all cancellation provisions in Article VIII.(a) through (c) above, the Insured shall not be liable for any Monthly Premium that may accrue after the Termination Date, and the Insurer shall not be liable for any Loss on Covered Loans that Default after the Termination Date.
Selling Guide - means the Insured's single family Selling Guide, as such guide existed at the time the Covered Loans were Delivered to the Insured.
Declarations Page - means the cover pages of this Policy, signed by the Insurer, which extends the coverage indicated therein on the Covered Loans, subject to the terms, conditions, and limitations of this Policy.
For the avoidance of doubt, the unpaid principal balance of all Liquidated Covered Loans is excluded for purposes of calculating the renewal Monthly Premium.
It has not withheld any information that would reasonably affect the decision of an insurer of risks similar to the risk under the Policy, and it has no knowledge of any circumstance related to the origination, underwriting or servicing of the Covered Loans which could give rise to or increase the likelihood of a loss to such insurer at any time during the term of the Policy.

More Definitions of Covered Loans

Covered Loans means (i) those loans that have coverage in-force as of December 31, 2012, or coverage was in-force prior to a default that existed as of December 31, 2012, listed on Schedule 1 as of the Signing Date, as updated pursuant to Section 3(a), and as finalized with respect to the Initial Implementation Date pursuant to Section 3(b), including, for the avoidance of doubt, the Pending Rescission Loans, and (ii) the Recently Rescinded Loans.

Covered Loans in The RMBS Trustees’ Motion to (i) Increase the Reserve to $12.143 Billion and (ii) Estimate and Allow Their Claims for Covered Loans at $12.143 Billion Pursuant to Section 502(c) of the Bankruptcy Code (ECF Doc. No. 46078), dated August 22, 2014, filed by the Trustees in the Bankruptcy Proceeding, and (b) the additional Mortgage Loans identified as “Covered Loans” in the Status Report of the RMBS Trustees with respect to Compliance with the Protocol and the Motion to Extend the Overall Claim File Cut-Off Date for Certain Loans under the Protocol Order and For Related Relief (ECF Doc. No. 52342).

Covered Loans in the Status Report of the RMBS Trustees with respect to Compliance with the Protocol and the Motion to Extend the Overall Claim File Cut-Off Date for Certain Loans under the Protocol Order and For Related Relief (ECF Doc. No. 52342).

Covered Loans means the loans listed on the Covered Loan List.

Covered Loans means Closed-end Credit that is extended to a consumer primarily for personal, family, or household purposes that either:

Covered Loans means the Loans set forth on Exhibit A under the heading “Covered Loans.”

Covered Loans means those Mortgage Loans identified under the heading “HUD Mortgage Loans – Covered Loans” on the Mortgage Loan Schedule.