Federal agency lender definition

Federal agency lender means a Federal agency that makes direct loans secured by improved real estate or a mobile home, to the extent such agency acts in such capacity;
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Federal agency lender means a Federal
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Federal agency lender. ’ means a Federal agency that makes direct loans secured by im- proved real estate or a mobile home, to the ex- tent such agency acts in such capacity;
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Examples of Federal agency lender in a sentence

  • Each Federal agency lender shall issue any regulations necessary to carry out this paragraph.

  • Each Federal agency lender shall by regulation provide for the use of the form with respect to any loan made by such Federal agency lender.

  • Each Federal agency lender shall by regu- lation provide for the use of the form with re- spect to any loan made by such Federal agency lender.

  • The policy should also state that, to be effective, such notice must be mailed to both the insured and the lender or Federal agency lender, and must include information about the availability of flood insurance coverage under the NFIP.

  • Each Federal agency lender shall by regula- tion provide for notification in the manner provided under paragraph (1) with respect to any loan described in subsection (a)(1) of this section that is made by the Federal agency lender.

  • Each Federal agency lender shall by regula- tion require notification in the manner pro- vided under paragraph (1) with respect to any loan that is made by the Federal agency lend- er and secured by improved real estate or a mobile home located or to be located in an area that has been identified by the Adminis- trator under this chapter or the Flood Disas- ter Protection Act of 1973 as an area having special flood hazards.

  • Each Federal agency lender shall by regula- tion require and provide for escrow and pay- ment of any flood insurance premiums and fees relating to residential improved real es- tate and mobile homes securing loans made by the Federal agency lender under the circum- stances and in the manner provided under paragraph (1).

  • The policy should also state that, to be effective, such notice must be mailed to both the insured and the lender or Federal agency lender, and must include information about the avail-Section E.

  • The statute in §4012a(b)(2) gives a new name to this category of lender, known as the "Federal agency lender." The law now broadens the flood insurance requirement to specifically include loans on applicable real estate secured by Federal agencies.

  • The law requires Federal agency lender regulators to develop regulations to direct their federally regulated lenders not to make, increase, extend, or renew any loan on applicable property unless flood insurance is purchased.

Related to Federal agency lender

  • Federal agency means any department, agency, or other instrumentality of the Federal Government, any independent agency or establishment of the Federal Government including any Government corporation, and the Government Printing Office.

  • State educational institution means an institution enumerated in Article 12, Section 11 of the constitution of New Mexico;

  • Issuing agency code means a code that designates the registration (or controlling) authority for the enterprise identifier.

  • Issuing agency means an organization responsible for assigning a globally unique identifier to an enterprise, as indicated in the Register of Issuing Agency Codes for ISO/IEC 15459, located at http://www.aimglobal.org/?Reg_Authority15459.

  • Educational institution means a University or any educational institution recognized by the State Government, a University or other competent authority;

  • credit institution means a credit institution as defined in point (1) of Article 4(1) of Regulation (EU) No 575/2013;

  • Federal banking agency means the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the Director of the Office of Thrift Supervision, the National Credit Union Administration and the Federal Deposit Insurance Corporation;

  • Medical institution means an organization in which several medical disciplines are practiced.

  • 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.

  • State agency means any of the principal departments in the Executive Branch of the State Government, and any division, board, bureau, office, commission or other instrumentality within or created by such department, the Legislature of the State and any office, board, bureau or commission within or created by the Legislative Branch, and any independent State authority, commission, instrumentality or agency.

  • Funding Agency means an organization or individual which provides facilities to receive and accumulate assets to be used either for the payment of benefits under a pension plan, or for the purchase of such benefits, provided such accumulated assets form a part of a pension plan established for the exclusive benefit of the plan participants and their beneficiaries. The fair market value of the assets held by the funding agency as of a specified date is the Funding Agency Balance as of that date.

  • Eligible educational institution means that term as defined in section 529 of the internal revenue code or a college, university, community college, or junior college described in section 4, 5, or 6 of article VIII of the state constitution of 1963 or established under section 7 of article VIII of the state constitution of 1963.

  • Lead Agency means the agency facilitating the procurement and establishing the Contract.