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.
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.
Loan Approval means a loan approval issued to an Applicant by a Lender or by a Securitised Fund Manager on behalf of a Lender;
Examples of Loan Approval in a sentence
This contingency shall expire 79 5 days after expiration of the Loan Approval Period.
If Financing is being obtained, the appraisal must be completed within the Loan Approval Period.
More Definitions of Loan Approval
Loan Approval means Bank's decision to make an extension of credit to an Obligor.
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.
Loan Approval shall have the meaning given in Section 2.01.
Loan Approval. The term “Loan Approval” shall mean a written notice from Lender to Seller indicating that Lender has approved the Loan Assumption.
Loan Approval. As defined in Section 2(b). Loans: Collectively, the loans applicable to each of the Properties.
Loan Approval. Buyer shall, promptly upon receipt, provide written verification from the mortgage broker or lender of the Loan Approval in accordance with the terms set forth in this Contract. If Buyer fails to obtain Loan Approval within the Loan Approval Period and thereby terminates this Contract, Buyer shall provide written verification of same and the reason for such denial to Seller.
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. 4.