Loan Guaranty Certificate definition

Loan Guaranty Certificate means, with respect to any VA Loan, the physical or electronic certificate evidencing the VA Loan Guaranty Agreement.
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Loan Guaranty Certificate. The certificate evidencing a VA Guaranty Agreement.
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Loan Guaranty Certificate. The original Loan Guaranty Certificate, if applicable.
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Examples of Loan Guaranty Certificate in a sentence

  • The undersigned lender/mortgagee makes the following certifications to induce the Department of Veterans Affairs to issue a certificate of commitment to guarantee the subject loan or a Loan Guaranty Certificate under Title 38, U.S. Code, or to induce the Department of Housing and Urban Development - Federal Housing Commissioner to issue a firm commitment for mortgage insurance or a Mortgage Insurance Certificate under the National Housing Act.

  • The original recorded Mortgage and original recorded Assignment of Mortgage Note and Mortgage and the final Title Guaranty Certificate and FHA Mortgage Insurance Certificate or VA Loan Guaranty Certificate or USDA Rural Development Guaranty must be submitted to the Servicer within sixty (60) days from the Purchase Date of the subject Mortgage Loan.

  • With regard to FHA or VA Loans, Seller fails to submit for FHA Mortgage Insurance Certificate ('MIC'), or VA Loan Guaranty Certificate ('LGC') within sixty (60) days following the Note Date; with regard to USDA Loans, Seller fails to submit for USDA guaranty within thirty (30) days following the Note Date.

  • The original recorded Mortgage, original recorded Assignment of Mortgage, the title insurance policy and FHA Mortgage Insurance Certificate, HUD Loan Guarantee Certificate or VA Loan Guaranty Certificate must be submitted to the Servicer within one hundred twenty (120) days from the date of closing of the subject Mortgage Loan.

  • Evidence of guaranty is VA Form 26-1899, Loan Guaranty Certificate, which is generated electronically via VA’s webLGY application.

  • The original recorded Mortgage, together with all applicable riders, the original recorded Assignment of Mortgage, the title insurance policy and FHA Mortgage Insurance Certificate, VA Loan Guaranty or RD Loan Guaranty Certificate or Private Mortgage Guaranty Insurance, as applicable, must be submitted to the Servicer within ninety (90) days from the Purchase Date of the subject Mortgage Loan.

  • This should be completed before requesting the Loan Guaranty Certificate in WebLGY, on the new loan.

  • Failure to document these conditions with the closing package can result in a delay of the guaranty, affect the percentage of guaranty, and/or affect the ability of VA to issue the Loan Guaranty Certificate (LGC).

  • With respect to the VA Loans, the application for the VA Loan Guaranty Certificate has been submitted to the VA and neither the Seller nor the Servicer has been notified of a denial of the application or the refusal to issue the Certificate.

  • The original recorded Mortgage and original recorded Assignment of Mortgage, the title insurance policy and FHA Mortgage Insurance Certificate, VA Loan Guaranty Certificate, RD Guaranty Certificate or Private Mortgage Guaranty Insurance, if applicable, must be submitted to the Servicer within 90 days from the Purchase Date of the subject Mortgage Loan.


More Definitions of Loan Guaranty Certificate

Loan Guaranty Certificate means the certificate evidencing a VA Guaranty Agreement.
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Loan Guaranty Certificate. The original Loan Guaranty Certificate, if applicable. . For each Mortgage Loan secured by Co-op Shares, the originals of the following documents or instruments: A. the stock certificate; B. the stock power executed in blank; C. the executed proprietary lease; D. the executed recognition agreement; E. the executed assignment of recognition agreement; F. the executed UCC-1 financing statement with evidence of recording thereon; and G. the executed UCC-3 financing statement or other appropriate UCC financing statements required by state law, evidencing a complete and unbroken line from the mortgagee to the Trustee with evidence or recording thereon (or in a form suitable for recordation). Banc of America Mortgage Capital Corporation Hearst Tower NC1-027-21-04 000 Xxxxx Xxxxx Xxxxxx, 21st Floor Charlotte, North Carolina 28255 Attention: Managing Director Re: Purchase Confirmation ($x.xmm) (Deal No. xxxx-xxx) Ladies and Gentlemen: This purchase confirmation (the "Purchase Confirmation") between Countrywide Home Loans, Inc. (“Countrywide”) and [PURCHASER] ("Purchaser") sets forth our agreement pursuant to which Purchaser is purchasing, and Countrywide is selling, on a servicing-retained basis, those certain mortgage loans identified in Exhibit A hereto and more particularly described herein (the “Mortgage Loans”). The purchase, sale and servicing of the Mortgage Loans as contemplated herein shall be governed by that certain Master Mortgage Loan Purchase and Servicing Agreement dated as of [DATE], between Countrywide and Purchaser (as amended herein and otherwise, the “Agreement”). By executing this Purchase Confirmation, each of Countrywide and Purchaser again makes, with respect to itself and each Mortgage Loan, as applicable, all of the covenants, representations and warranties made by each such party in the Agreement, except as the same may be amended by this Purchase Confirmation. All exhibits hereto are incorporated herein in their entirety. In the event there exists any inconsistency between the Agreement and this Purchase Confirmation, the latter shall be controlling notwithstanding anything contained in the Agreement to the contrary. All capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Agreement.
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Related to Loan Guaranty Certificate

  • Preferred Security Certificate means a certificate representing a Preferred Security substantially in the form of Exhibit A-1.

  • Safety Certificate and “deemed Safety Certificate” have the meanings given to “safety certificate” and “deemed safety certificate” by the Railways and Other Guided Transport Systems (Safety) Regulations 2006;

  • Capital Security Certificate means a definitive Certificate in fully registered form representing a Capital Security substantially in the form of Exhibit A-1.

  • Security Certificate Has the meaning given such term in Section 8-102(a)(16) of the New York UCC.

  • Common Security Certificate means a definitive certificate in fully registered form representing a Common Security substantially in the form of Exhibit A-2.

  • Defects Liability Certificate means the certificate issued by Architect upon correction of defects by the Contractor.

  • Availability Certificate means a certificate substantially in the form of Annex 3 hereto, appropriately completed and duly signed by your Authorized Officer.

  • Tax credit certificate means a certificate issued by the office that:

  • Delay Certificates As specified in the Preliminary Statement.

  • Class J Certificate means any one of the Certificates with a "Class J" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Earned credit certificate means a certificate issued by the Chief Procurement Officer evidencing the amount of earned credit a contractor has been awarded.

  • Pledge Certificate means a Pledge Certificate in the form attached to this Appendix "C" as Schedule 1 executed by a duly authorized officer of the applicable Fund and delivered by such Fund to the Custodian by facsimile transmission or in such other manner as the applicable Fund and the Custodian may agree in writing.

  • Defects Liability Expiry Certificate means the certificate to be issued by the Client to the Contractor, in accordance with the Contract.

  • Eligibility Certificate is defined in Section 4.8(b).

  • Class K Certificate means any of the Certificates with a "Class K" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Credit certificate means a certificate issued by the allocating agency to a taxpayer that specifies the amount of affordable housing tax credits that can be applied against the taxpayer’s individual or corporate income tax, or franchise, captive insurance premium, or insurance premium tax liability as provided in this subchapter.

  • Seller Certificate means a certificate of transfer delivered in connection with the transfer of a Trust Certificate pursuant to Section 3.04(a), substantially in the form of Exhibit B.

  • Class B-6 Certificate Any one of the Certificates executed by the Trustee and authenticated by the Trustee or the Authenticating Agent in substantially the form set forth in Exhibit B-6 and Exhibit C hereto. Class B-6 Certificateholder: The registered holder of a Class B-6 Certificate.

  • -ENTRY CERTIFICATES Any of the Certificates that shall be registered in the name of the Depository or its nominee, the ownership of which is reflected on the books of the Depository or on the books of a person maintaining an account with the Depository (directly, as a "Depository Participant", or indirectly, as an indirect participant in accordance with the rules of the Depository and as described in Section 7.06). As of the Closing Date, each Class of Regular Certificates constitutes a Class of Book-Entry Certificates.

  • Borrowing Certificate means a Borrowing Certificate substantially in the form of Exhibit A.

  • Outstanding Certificate Any Outstanding Exchangeable Certificate and Outstanding Exchangeable REMIC Certificate.

  • Note Certificate means a certificate issued to each Registered Holder in respect of its registered holding of Notes;

  • Class SB Certificate Any one of the Certificates designated as a Class SB Certificate. Class X Certificate: Any one of the Certificates designated as a Class X Certificate.

  • Environmental Certificate shall have the meaning set forth in Section 12.2.1.

  • Class N Certificate means any of the Certificates with a "Class N" designation on the face thereof, substantially in the form of Exhibit A-4 attached hereto, and evidencing a portion of a class of "regular interests" in REMIC III for purposes of the REMIC Provisions.

  • Class A-V Certificate Any one of the Certificates designated as a Class A-V Certificate, including any Subclass thereof.