LPI Policy definition

LPI Policy has the meaning assigned to such term in Section 4.4(b).

LPI Policy means a means a lender-placed residential hazard, flood, or wind insurance policy procured by the Ovewrby Xxxxxxx Company on or after March 1, 2014 and placed pursuant to a mortgage loan agreement, home equity loan agreement, or home equity line of credit serviced by Shellpoint to cover a borrower’s failure to maintain the required insurance coverage on the residential property securing the loan.

LPI Policy means a lender‐placed residential hazard, flood, flood gap, or wind‐only insurance policy issued by the Assurant Defendants for a loan or line of credit serviced by the Nationstar Defendants.

Examples of LPI Policy in a sentence

• If an Obligor makes a payment with respect to a Receivable having an LPI Policy in place that is less than the Scheduled Payment, then, unless otherwise required by applicable law or the terms of the related Receivable, the Servicer shall apply the payment first to any accrued and unpaid interest on the Receivable, then to any outstanding Advanced Insurance Premium, and then to principal and other amounts due on the Receivable in accordance with the Servicer’s standard and customary servicing procedures.

• Any cost incurred by the Servicer in maintaining such LPI Policy shall be recoverable only out of premiums paid by the Obligors or Net Liquidation Proceeds with respect to the Receivable, as provided in Section 4.4(c).

• It takes a positive approach reflecting the NPPF’s support for a low carbon future and renewable and low carbon energy.45 It reflects strategic objectives 21 and 23 of LPI and LPI Policy DP9 and will help to achieve sustainable development.

• I note that LPI Policy DP12 includes a criterion on clear evidence of support from the PC in relation to the inclusion of market housing being supported as part of a rural exception site and therefore in this instance it is appropriate for this policy to reflect an adopted policy stance.

• This definition excludes borrowers: (1) for whom the cost of the LPI Policy was cancelled and premiums refunded in full after issuance; and, (2) who, since the issuance of the LPI Policy, filed a Petition under Chapter 7 of the United States Bankruptcy Code that compromised or discharged indebtedness on their Residential Property secured by their security instrument.

More Definitions of LPI Policy

LPI Policy means a lender-placed residential hazard and/or wind-only insurance policy issued by, subscribed by, or procured or obtained through the Insurance Entities, and placed during the Settlement Class Period pursuant to a reverse mortgage loan agreement, including home equity conversion mortgages, serviced by Financial Freedom to cover a Borrower’s failure to maintain the required insurance coverage on the residential property securing the reverse mortgage loan.

LPI Policy means a lender-placed residential hazard insurance

LPI Policy means a lender-placed residential hazard, flood, flood gap or wind- only insurance policy or policies issued by American Security Insurance Company (“ASIC”), Standard Guaranty Insurance Company (“SGIC”), Voyager Indemnity Insurance Company (“VIIC”), or another insurance company, and placed during the Settlement Class Period pursuant to a mortgage loan agreement, home equity loan agreement, or home equity line of credit serviced by Caliber to cover a borrower’s failure to maintain the required insurance coverage on the residential property securing the loan.

LPI Policy means a lender-placed residential hazard, flood, flood gap or wind-only insurance policy or policies issued by American Security Insurance Company (“ASIC”), Standard Guaranty Insurance Company (“SGIC”), Voyager Indemnity Insurance Company (“VIIC”), or another insurance company, and placed pursuant to a mortgage loan agreement, home equity loan agreement, or home equity line of credit serviced by Caliber to cover

LPI Policy means a lender-placed residential hazard, flood, flood gap or wind-only insurance policy or policies issued by American Security Insurance Company (“ASIC”), Standard Guaranty Insurance Company (“SGIC”), Voyager Indemnity Insurance

LPI Policy means a lender‐placed Residential hazard, flood, flood gap, and/or wind‐only insurance policy issued by the Assurant Defendants

LPI Policy means a lender-placed residential hazard, flood, flood gap or wind-only insurance policy or policies issued by American Security Insurance Company, an Affiliate, or another insurance company, and placed during the Settlement Class Period pursuant to a mortgage loan agreement, home equity loan agreement, or home equity line of credit to cover a borrower’s failure to maintain the required insurance coverage on the Residential Property securing the loan.