Electronic Loan definition

Electronic Loan means a Loan evidenced by Electronic Loan Documents.
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Electronic Loan means a Loan originated completely online without branch assistance, remotely with branch assistance or through a mobile application.
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Electronic Loan means a Loan entered into by an applicant who is a current or former Regional borrower, with respect to which the loan documentation is entered into electronically at a branch or remotely through the internet.
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Examples of Electronic Loan in a sentence

  • Apply online using the Electronic Loan Application (ELA) via SBA’s secure Website at: https://disasterloan.sba.gov/ela.Disaster PreparednessRecovering from a disaster doesn’t begin with clearing the debris and returning to work.

  • After thoroughly explaining the program, advise the applicant you can assist with completing the Electronic Loan Application (ELA) or paper loan application onsite at the field location.

  • In order to apply for SBA’s Disaster Loan Assistance online via SBA’s Electronic Loan Application (ELA) an applicant’s name, address, SSN, and date of birth and other information is sent to a commercial database provider to perform identity verification.

  • The Financial Aid Office utilizes the Electronic Loan Management (ELM) system for processing private student loan applications.

  • With certain borrower challenges, third party servicer records may not be sufficient.Standards for Electronic Signatures: Highlights for Perkins eMPNsBefore implementing the eMPN, your school should review the Standards for Electronic Signa- tures in Electronic Loan Transactions published in Dear Colleague Letter GEN-01-06.

  • Most loan funds are sent to the institution by EFT (Electronic Loan Transfer) and do not require the student’s signature.

  • The critical action for Level II events and beyond is to achieve the New Hire goal within the time available.As described in Appendix 3, Modeling and Forecasting, the Electronic Loan Application has reduced the time available to achieve maximum required staffing.

  • The credit officer verifies all documents and in case these are complete, the loan request application form is filled, signed and inserted in the Electronic Loan System.

  • The Electronic Loan Application Form (ELAF) system should be finalised and rolled out immediately.

  • SBA Forms 5 ‘‘Disaster Business Loan Application’’, 5C ‘‘Disaster Home Loan Application’’ and the Electronic Loan Application (ELA) will include notice to all applicants that in the event of duplication of benefits from DHS/FEMA or any other source, the Agency may verify eligibility through a computer matching program with another federal or state agency and reduce the amount of the applicant’s loan.

Related to Electronic Loan

  • Electronic PHI means PHI created, received, maintained or transmitted electronically in accordance with 45 CFR § 160.103.

  • Electronic agent means a computer program or an electronic or other automated means used independently to initiate an action or respond to electronic records or performances in whole or in part, without review or action by an individual.

  • Electronic act means the creation or transmission originated on or off the schoolsite, by means of an electronic device, including, but not limited to, a telephone, wireless telephone, or other wireless communication device, computer, or pager, of a communication, including, but not limited to, any of the following:

  • Electronic cigarette means any oral device that provides a vapor of liquid nicotine, lobelia, and/or other similar substance, and the use or inhalation of which simulates smoking. The term shall include any such devices, whether they are manufactured, distributed, marketed, or sold as e-cigarettes, e-cigars, e-pipes, or under another product name or descriptor.

  • Electronic ballot means a ballot that is recorded using a direct electronic voting

  • Electronic Record and “Electronic Signature” shall have the meanings assigned to them, respectively, by 15 USC §7006, as it may be amended from time to time.