Eligible Finance Lender definition

Eligible Finance Lender means a finance lender licensed by the California Department of Business Oversight that meets the requirements specified in Section 10091.3 of these regulations.
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Eligible Finance Lender or “EFL” means a finance lender licensed by the California Department of Business Oversightcompany that meets the requirements specified in Section 10091.2 and Section 10091.3 of these regulations.
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Eligible Finance Lender or “EFL” means a finance company that meets the requirements specified in Section 10091.2 and Section 10091.3.
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Examples of Eligible Finance Lender in a sentence

  • Names of the regulatory agency and the insuring agency to which the Eligible Financial Institution or Eligible Finance Lender is accountable and license number(s), if applicable.

  • Name and address of the Eligible Financial Institution or Eligible Finance Lender.

  • Certification that the Eligible Financial Institution or Eligible Finance Lender is not subject to a cease and desist order or other regulatory sanction from the appropriate federal or state regulatory body, which would impair its ability to participate in the Program.

  • Where an Eligible Finance Lender is seeking to become a Successor Servicer, such requirements related to employees, facilities and operating systems shall be sufficient to carry out all servicing functions required to carry out the Program.

  • The Eligible Finance Lender has the experience and expertise to underwrite, originate, and service loans in accordance with all applicable regulations and laws.

  • The Eligible Finance Lender must maintain a written disaster recovery plan that covers the restoration of the facilities, backup and recovery of information in electronic data processing systems.

  • The Eligible Finance Lender has the power and authority to execute and to carry out the terms of the Program.

  • The Eligible Finance Lender is duly qualified to do business and has obtained all necessary licenses and approvals in all jurisdictions in which the ownership or lease of property or the conduct of its business will require such qualifications.

  • Eligible Finance Lender has established and shall maintain adequate internal audit and management control systems to guard against dishonest, fraudulent or negligent acts by employees and contractors involved in the origination process.

  • Matters that are of public record will be deemed to be known by the Eligible Finance Lender.


More Definitions of Eligible Finance Lender

Eligible Finance Lender means a finance lender licensed by the California
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Related to Eligible Finance Lender

  • Eligible Financial Institution means, as of the date of any assignment as contemplated in Section 8.07(a)(i), a commercial bank or financial institution (i) with a credit rating on its long-term senior unsecured debt of either (a) “AA-” or better from S&P or (b) “Aa3” or better from Xxxxx’x; and (ii) having shareholders' equity of not less than $5,000,000,000.

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Eligible borrower means owners or others having an interest in property situated within the downtown area of a participating city, community development corporations associated with a participating city, Iowa main street program organizations associated with a participating city, community-initiated development groups associated with a participating city, or other organization associated with a participating city for purposes of implementing the Iowa main street program.

  • L/C Lender a Lender with an L/C Commitment.

  • Designated Lender shall have the meaning set forth in Section 16.2(b) hereof.

  • Eligible Bank means a bank or trust company that (i) is organized and existing under the laws of the United States of America or Canada, or any state, territory, province or possession thereof, (ii) as of the time of the making or acquisition of an Investment in such bank or trust company, has combined capital and surplus in excess of $500.0 million and (iii) the senior Debt of which is rated at least “A-2” by Moody’s or at least “A” by Standard & Poor’s.

  • UK Financial Institution means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

  • Non-Funding Lender has the meaning ascribed to it in Section 9.9(a)(ii).

  • Funding Agent or "agents" means an investment firm, trust bank, or other financial

  • Exiting Lender see Section 2.17.7.

  • Initial Lender has the meaning specified in the recital of parties to this Agreement.

  • Participating Financial Institution means a financial institution participating in Interac e-Transfer Services, Online Payment Services, or Western Union Services, as the case may be.