Examples of Each Loan is a in a sentence
Each Loan is a term loan under which no sums repaid may be reborrowed.
Each Loan is a MERS Loan, unless otherwise approved by Buyer in its sole discretion.
Each Loan is a whole loan and not a participation interest in a mortgage loan.
Each Loan is a “qualified mortgage loan” for purposes of Section 129C of the Truth in Lending Act and a “qualified residential mortgage” for purposes of Section 941 of the Dodd Frank Act and the implementing regulations issued pursuant thereto.
Each Loan is a “qualified mortgage” as such term is defined in Section 860G(a)(3) of the Code (without regard to Treasury Regulations Section 1.860G-2(f)(2), which treats certain defective Loans as qualified mortgages).
Each Loan is a valid and collectible obligation of the respective Borrower; and no Loan is subject to the Home Ownership and Equity Protection Act of 1994 or any Mortgage Loan classified as "high cost", "predatory" (or similar designation) under any other applicable state, federal or local law.
Each Loan is a "commercial loan" within the --------------- meaning of Section 12-101(c) of the Commercial Law Article of the Annotated Code of Maryland, as amended.
Each Loan is a valid first lien or, if specifically approved by DMC, a valid second lien on the mortgaged property, and the mortgaged property is free and clear of all encumbrances and liens having priority over the lien of such Loan, except for the first lien, if applicable, and liens for real estate taxes and special assessments not yet due and payable and those exceptions allowed in connection with Government Loans and other exceptions expressly agreed to by DMC.
Each Loan is a SBA 7(a) Loan originated and serviced by Seller in accordance with SBA Rules and Regulations and for which an SBA guarantee is in effect in the percentage and dollar amount set forth on the SBA Loan Schedule.
Each Loan is a Variable Rate Loan, a Tracker Loan or a Fixed Rate Loan.