Loan Insurer definition

Loan Insurer means, in respect of any Loan, the insurer under the Loan Insurance Policy, which may be CMHC or another loan insurer;
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Loan Insurer means Ambac Assurance Corporation, a Wisconsin-domiciled stock insurance company, in its capacity as the issuer of the Insurance Policies.
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Loan Insurer means, in respect of the Loan, the insurer under the Loan Insurance Policy, which may be CMHC, Sagen, Canada Guaranty Mortgage Insurance Company, or another loan insurer.
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Examples of Loan Insurer in a sentence

  • The Bank, a Loan Insurer or the Program Administrator, as the case may be, and their respective agents, in its sole discretion and at any reasonable time or times, may enter upon and inspect the Lands, and the cost of any such inspections shall be payable by the Borrower to the Bank immediately.

  • The extent of bamboo bearing area in the forests of the state is 16,083 km2 and total bamboo growing stock in the state is 14.43 million MT.

  • The Borrower will not make or permit to be made any alterations, improvements, additions, replacements or demolition (collectively, “Alterations”) to the Lands without the prior written approval of the Bank, a Loan Insurer or the Program Administrator, as the case may be, which approval may be withheld, or subject to such conditions as the Bank, a Loan Insurer or the Program Administrator, as the case may be, may impose, in the sole discretion of each.

  • In the case of Indigenous Lands, in accordance with the first insured mortgage, the security for the Incentive may be a ministerial loan guarantee (MLG) or a leasehold mortgage permitted in accordance with the Indian Act, First Nation Land Management Act, Land Code or other First Nation legislation and the requirements of the respective Mortgage Loan Insurer.

  • In accordance with standard mortgage loan insurance requirements, Lenders are required to retain on file verification of completion of home improvements or notify the respective Mortgage Loan Insurer where improvements will no longer be carried out.

  • The Bank, a Loan Insurer or the Program Administrator, as the case may be, may (but is not obligated to) require the Borrower, at the Borrower’s expense, from time to time, to obtain an environmental audit of all or any part of the Lands, which environmental audit shall be satisfactory to the Bank, or the Program Administrator, as the case may be, but such audit does not relieve the Borrower of its obligations under this Section 12.

  • The Bank, a Loan Insurer or the Program Administrator, as the case may be, and their respective agents may, at any reasonable time or times and for any purpose they deem necessary or appropriate, enter on and inspect the Lands or have the Lands appraised from time to time.

  • With respect to mortgage loan insurance applications, standard Approved Lender and Mortgage Loan Insurer policies and guidelines apply unless otherwise noted/clarified within this document and/or within the terms, conditions and applicable documents of the FTHBI Program.

  • The Bank, a Loan Insurer or the Program Administrator, as the case may be, may (but is not obligated to) require the Borrower, at the Borrower’s expense, from time to time, to obtain an environmental audit of all or any part of the Lands, which environmental audit shall be satisfactory to the Bank, a Loan Insurer or the Program Administrator, as the case may be, but such audit does not relieve the Borrower of its obligations under this Section 12.

  • The exercise of any of the above-mentioned rights by the Bank, its Loan Insurer or any Program Administrator, shall not mean that the Bank, the Loan Insurer, any Program Administrator or their respective agents are in possession of, control or custody of, manage or are liable for the Immovable.


More Definitions of Loan Insurer

Loan Insurer means an agency, department, administration or instrumentality, corporate or otherwise, of or in the Department of Housing and Urban Development, the Farmers Home Administration of the Department of Agriculture or the Veterans Administration of the United States of America, any private mortgage insurance company, or any other public or private agency which insures or guarantees loans; and
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Related to Loan Insurer

  • R&W Insurer means AIG Specialty Insurance Company.

  • Insurer means a person who insures or guarantees for the benefit of the mortgagee all or any portion of the risk of loss upon borrower default on any of the mortgage loans originated, purchased or serviced by the Company or any of its Subsidiaries, including the Federal Housing Administration, the United States Department of Veterans’ Affairs, the Rural Housing Service of the U.S. Department of Agriculture and any private mortgage insurer, and providers of hazard, title or other insurance with respect to such mortgage loans or the related collateral.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Approved Insurer Each insurance policy shall be issued by insurance companies authorized to do business in the State of Nevada or eligible surplus lines insurers under federal and Nevada law and having agents in Nevada upon whom service of process may be made, and currently rated by A.M. Best as “A-VII” or better.

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

  • Other Insurance means insurance available to any covered person that covers a loss to which this policy applies, other than either primary insurance or insurance specifically purchased by you to be excess of the insurance afforded by this policy.

  • Bond Insurer means any insurance company which issues a municipal bond insurance policy insuring the payment of principal of and interest on the Refunding Bonds.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Surplus lines insurer means a non-admitted insurer with which insurance coverage may be placed under this chapter.

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • Authorized insurer means, in the case of an interstate motor carrier whose operations may or may

  • Bond Insurance Policy means the municipal bond insurance policy, if any, issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds and constitutes a Bond Facility under the Indenture.

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • Title insurance agent means an agent licensed in the Commonwealth to sell, solicit, or negotiate