Loan Approval definition

Loan Approval means a statement by the lender setting forth the terms 70 and conditions upon which the lender is willing to make a particular mortgage loan to a particular buyer. Neither a pre- 71 approval letter not a prequalification letter shall be deemed a Loan Approval for purposes of this Contract.
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Loan Approval means an approval for a loan given by the Originator to a prospective Borrower and includes an approval for the sale of an Approved Mortgage to the Trustee.
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Loan Approval means a loan approval issued to an Applicant by a Lender or by a Securitised Fund Manager on behalf of a Lender;
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Examples of Loan Approval in a sentence

  • A.1(ii) If Purchaser is unable, despite best efforts, to obtain final Loan Approval within days [if blank, fifteen (15) days] of the date of this Agreement (the “Financing Contingency Release Date”), then Purchaser shall provide Seller with a written copy of their lender’s statement of credit denial, termination or change (the “Denial”).

  • If ▇▇▇▇▇ is unable to obtain a commitment for the Loan(s) within the Loan Approval Period, either Buyer or Seller may cancel this Contract upon written notice to the other party.

  • If financing is being obtained, the appraisal must be completed before the expiration of the Loan Approval Period (as defined below).

  • For approval Email Proof of Funds or Loan Approval Letter to ▇▇▇▇@▇▇▇▇▇▇-▇▇▇▇▇▇▇▇▇▇.▇▇▇.

  • This contingency shall expire 5 78 days after expiration of the Loan Approval Period.


More Definitions of Loan Approval

Loan Approval means with respect to the Loan, any documents or information submitted to the Director which memorialize the recommendations of the Administrator, the Director and the approval of the Controlling Board.
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Loan Approval shall have the meaning given in Section 2.01.
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Loan Approval means Bank's decision to make an extension of credit to an Obligor.
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Loan Approval. The term “Loan Approval” shall mean a written notice from Lender to Seller indicating that Lender has approved the Loan Assumption.
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Loan Approval. The faculty or staff member with authority to approve the exhibition for the University department or unit controlling the venue. Department Contact for
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Loan Approval. Loan approval shall be within Lender's sole discretion. Broker shall not commit Lender to do anything or take action without the prior written approval of Lender. Without limiting the generality of the foregoing. Broker shall not represent that Lender has approved or will approve any loan until Broker is so informed by Lender In writing. All loan approvals are conditional unless and until Borrower actually executes escrow instructions presented to Borrower in order to close escrow. It is also fully understood and agreed that Lender's approval of the loan application is based upon submission by Broker of true and accurate information in the Loan Package and all supporting documentation, including but not limited to the handwritten and typed Form 1003 and any and all appraisals. The fact that final approval of the loan application is solely within the discretion of the Lender shall not be used as a defense to a claim that Broker has breached any part of this Agreement or that Broker has submitted false or inaccurate information in the Loan Package and supporting documentation, including but not limited to the Form 1003, and any and all appraisals.
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Loan Approval means that a business owner always or at least sometimes had his or her business loan applications approved over the previous three years.
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