Deferred deposit lender definition

Deferred deposit lender means a person that engages in the business of
Deferred deposit lender means a person that engages in the business of deferred deposit lending.
Deferred deposit lender or “lender” means any person licensed under this act to make deferred deposit loans, including an assignee of the lender’s right to payment, but use of the term does not itself impose on an assignee any obligation of the lender with respect to events occurring before the assignment;

Examples of Deferred deposit lender in a sentence

  • Deferred deposit lender" or "licensee" means a person engaged in the business of making deferred deposit loans.


More Definitions of Deferred deposit lender

Deferred deposit lender or "licensee" means a person engaged in the business of making deferred deposit loans.
Deferred deposit lender means the following:
Deferred deposit lender means any lender (i) engaged in
Deferred deposit lender or "lender" means any person
Deferred deposit lender or "licensee" means a person engaged in the business of making
Deferred deposit lender or “lender” means any person licensed under this act to make deferred deposit loans, including an assignee of the lender’s right to payment, but use of the term does

Related to Deferred deposit lender

  • Designated Deposit Account is Borrower’s deposit account, account number , maintained with Bank.

  • Eligible Deposit Account means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Rating Agency in one of its generic rating categories that signifies investment grade.

  • Controlled Deposit Amount means, for any Distribution Date with respect to the Controlled Accumulation Period, an amount equal to the sum of the Controlled Accumulation Amount for such Distribution Date and any Deficit Controlled Accumulation Amount for the immediately preceding Distribution Date.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Deposit Account means a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.