Fair Lending Laws definition
Examples of Fair Lending Laws in a sentence
Equal Housing Lender we do business in accordance with Federal Fair Lending Laws WCCU NMLS ID 5192.
In the event that Seller detects any incident, or activity which constitutes or results in a violation of the Fair Lending Laws with respect to one or more Loans, Seller will immediately notify Chase.
Buyer and Seller shall cooperate to develop and implement underwriting criteria and other Mortgage Loan practices which (a) are consistent with safe and sound banking practices and Co) are consistent and comply with the Fair Lending Laws.
Except where the failure to comply would not have a Material Adverse Effect, the Company and its Subsidiaries are in compliance, in the conduct of their respective businesses, with all applicable federal, state, local and foreign statutes, laws, regulations, ordinances, rules, judgments, orders or decrees applicable thereto or to the employees conducting such businesses, including, without limitation, the Fair Lending Laws.
The Company is cognizant of the obligations under 42 U.S.C. Section 3601 et seq., 15 U.S.C. Section 1691 et seq., and other applicable federal, state and local fair lending and fair housing statutes ("Fair Lending Laws").
In addition, Seller will monitor the activities of its employees in order to ensure full compliance with the Fair Lending Laws.
UNCB and Neihart/Glackin shall cooperate to develop and imple▇▇▇▇ ▇▇derwriting criteria and other mortgage loan practices which: (a) are consistent with safe and sound banking practices, and (b) are consistent and comply with the Fair Lending Laws.
Without limiting and in addition to the above, Seller acknowledges and understands that Buyer is committed to full compliance with any and all applicable laws, rules, regulations and orders relating to fair lending (the "Fair Lending Laws").
Seller will maintain its compliance with Fair Lending Laws at all times herein.
Except where the failure to comply would not have a Material Adverse Effect and except as disclosed in Schedule 4.6, the Company and its Subsidiaries are in compliance, in the conduct of their respective businesses, with all applicable federal, state, local and foreign statutes, laws, regulations, ordinances, rules, judgments, orders or decrees applicable thereto or to the employees conducting such businesses, including, without limitation, the Fair Lending Laws.