High Cost Mortgage Loan definition
Examples of High Cost Mortgage Loan in a sentence
Buyer has in place internal policies and procedures that expressly prohibit its purchase of any High Cost Mortgage Loan.
Administrative Agent has in place internal policies and procedures that expressly prohibit its purchase of any High Cost Mortgage Loan.
No Mortgage Loan (a) is subject to Section 226.32 of Regulation Z or any similar state law (relating to high interest rate credit/lending transactions), or (b) is a High Cost Mortgage Loan.
The parties hereto acknowledge and agree that it is the policy and intention of the Trust to acquire only Mortgage Loans meeting the requirements set forth in this Agreement, including the requirement that no Mortgage Loan be a High Cost Mortgage Loan and no Mortgage Loan originated on or after October 1, 2002 through March 6, 2003 be governed by the Georgia Fair Lending Act.
None of the Mortgage Loans are classified as a High Cost Mortgage Loan.