Double contract definition

Double contract means executing two or more purchase agreements, one of which is not made known to the prospective lender or loan funding entity.
Sample 1Sample 2Sample 3
Double contract means two (2) or more written or unwritten contracts of sale, purchase and sale agreements, loan applications, or any other agreements, one (1) of which is not made known to the prospective loan underwriter or the loan guarantor, to enable the buyer to obtain a larger loan than the true sales price would allow, or to enable the buyer to qualify for a loan which he or she otherwise could not obtain. An agreement or loan application is not made known unless it is disclosed in writing to the prospective loan underwriter or loan guarantor.
Sample 1Sample 2
Double contract means two (2) or more written or unwritten con-
Sample 1Sample 2

More Definitions of Double contract

Double contract means two (2) or more written or unwritten contracts of
Sample 1Sample 2
Double contract means two (2) or more written or unwritten contracts of sale, purchase and sale agreements, loan applications, or any other agreements, one
Sample 1

Related to Double contract

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;

  • Credit-sale contract means the same as defined in section 203.1.

  • Prime Contract means the contract between LOCKHEED MARTIN and the U.S. Government or between LOCKHEED MARTIN and its higher-tier contractor who has a contract with the U.S. Government.

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