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. SALE AND SERVICING AGREEMENT (RMIT 2021-3) – Schedule II - 9
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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.

  • For an eVault controlled by the Custodian, the Custodian will: (i) limit access to those Persons authenticated using a reliable credentialing method that stores credentials in encrypted or secure form; and (ii) prevent alterations to the Electronic Loan Documents that have not been properly authorized by an Authorized Person.

  • Each Electronic Loan shall be identified as such in the Loan Register.

  • Each Financed Student Loan represents the genuine, legal, valid and binding payment obligation in writing (or a single authoritative original of the Electronic Note in the case of an Electronic Loan) of the borrower thereof, enforceable by or on behalf of the holder thereof in accordance with its terms, and no Financed Student Loan has been satisfied, subordinated or rescinded, subject to clause (xiii) below.

  • With respect to each Financed Student Loan other than an Electronic Loan, there is only one original executed copy of the promissory note evidencing such Financed Student Loan.

  • All Electronic Loan Documents received by the Custodian shall be held by Custodian in an eVault in the name of Custodian for the benefit of the Fund.

  • With respect to each Electronic Loan, there is a single authoritative original of the Electronic Note evidencing such Electronic Loan.

  • The Master Servicer (so long as it is KBNA) hereby acknowledges that it does not currently have possession, and agrees that it will not at any time in the future take physical possession, of any Financed Student Loan Files (other than an Electronic Loan).

  • All Electronic Loan Documents received by the Custodian shall be held by Custodian in an eVault in the name of Custodian for the benefit of a Fund, and each Electronic Loan shall be identified as such in the Loan Register.

  • A Financed Student Loan File has been delivered to the Master Servicer (or a Sub-Servicer) for each Financed Student Loan and each such file contains the original fully executed note (or a copy of a fully executed master promissory note) or the Electronic Note in the case of an Electronic Loan evidencing such Financed Student Loan.

Related to Electronic Loan

  • electronic credit ledger means the electronic credit ledger referred to in sub-section (2) of section 49;

  • 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 cash ledger means the electronic cash ledger referred to in sub-section (1) of section 49;

  • Electronic Payment means a wire transfer or an ACH credit transfer.

  • Electronic converter means a device capable of controlling and/or converting electric power for electric propulsion.

  • electronic auction means an iterative process that involves the use of electronic means for the presentation by suppliers of either new prices, or new values for quantifiable non-price elements of the tender related to the evaluation criteria, or both, resulting in a ranking or re-ranking of tenders;

  • 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.

  • Electronic Control System means a combination of units, designed to co-operate in the production of the stated vehicle control function by electronic data processing. Such systems, often controlled by software, are built from discrete functional components such as sensors, electronic control units and actuators and connected by transmission links. They may include mechanical, electro-pneumatic or electro-hydraulic elements.