MAP Lender definition

MAP Lender means a HUD-qualified lender that prepares FHA forms and performs preliminary underwriting for certain FHA loan applications.
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Examples of MAP Lender in a sentence

  • Only the MAP Lender Review Board may suspend a lender’s eligibility for MAP, in accordance with the procedures of § 200.1535.

  • Qualification Procedures and RequirementsQualification procedures for the HIII– 10C are basically the same as those proposed in the Part 572 NPRM, though some of the response corridors have been modified in consideration of additional qualification test data accumulated by the agency during our post-NPRM test experience.

  • Only the MAP Lender Review Board (or Board) may place a lender on probation, in accordance with the procedures of § 200.1535.(b) Effect of probation.

  • Once a matter has been referred to the MAP Lender Review Board, only the Board may approve a settlement agreement.

  • The re- quirements for reinstatement shall be the same as for initial qualification, and the applicant must show that the problems that led to termination have been resolved.§ 200.1525 Settlement agreements.(a) HUD staff, as authorized, may ne- gotiate a settlement agreement with a MAP lender before or after the issuance of a warning letter or referral to the MAP Lender Review Board.

  • The issuance of a warning letter is not sub- ject to the MAP Lender Review Board procedures in accordance with§ 200.1535, and is not a prerequisite to the probation, or suspension, or termi- nation of MAP privileges.§ 200.1510 Probation.(a) In general.

  • The lender shall have the right to submit mate- rials to the Board and to appear before the Board to seek prompt reconsider- ation of the Board’s decision in accord- ance with the procedures of § 200.1535.§ 200.1545 Appeals of MAP Lender Re- view Board decisions.

  • It is not the purpose of the present report to set forth any formal pattern of relationship between regional organizations and the United Nations, or to call for any specific division of labour.

  • In lieu of a HUD Firm Commitment letter, a MAP Lender commitment letter outlining the FHA financing must accompany the Application.

  • The originating MAP Lender may sell or transfer a MAP application only upon receipt of a Firm Commitment.

Related to MAP Lender

  • PPP Lender means JPMorgan Chase Bank, N.A.

  • DIP Lender means a lender under the DIP Facility.

  • Lender has the meaning specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender.

  • Funding Lender means Citibank N.A., a national banking association, and any successor under this Funding Loan Agreement and the Borrower Loan Documents.

  • Revolving Lender means a Lender with a Revolving Commitment or, if the Revolving Commitments have terminated or expired, a Lender with Revolving Exposure.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Farm Credit Lender means a lending institution organized and existing pursuant to the provisions of the Farm Credit Act of 1971 and under the regulation of the Farm Credit Administration.

  • Revolving Administrative Agent means the “Administrative Agent” as defined in the Revolving Credit Facility.

  • L/C Lender a Lender with an L/C Commitment.

  • Facility Lender Any lender(s) or tax equity financing party providing any Facility Debt and any successor(s) or assigns thereto, collectively.

  • Revolving Facility Lender means a Lender (including an Incremental Revolving Facility Lender) with a Revolving Facility Commitment or with outstanding Revolving Facility Loans.

  • Committed Lender means, as to any Lender Group, each of the financial institutions listed on Schedule I as a “Committed Lender” for such Lender Group, together with its respective successors and permitted assigns.

  • Term Loan Lender means a Lender with a Term Loan Commitment or an outstanding Term Loan.

  • Term Loan Administrative Agent means Bank of America, in its capacity as administrative agent under the Term Loan Credit Agreement, and its successors and assigns in such capacity.

  • U.S. Revolving Lender means a Lender with a U.S. Revolving Commitment or, if the U.S. Revolving Commitments have terminated or expired, a Lender with U.S. Revolving Exposure.

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.

  • U.S. Lender Party means each of Agent, each Lender, each L/C Issuer, each SPV and each participant, in each case that is a United States person as defined in Section 7701(a)(30) of the Code.

  • Originating Lender has the meaning specified therefor in Section 13.1(e) of the Agreement.

  • Tranche B Lender means a Lender with a Tranche B Commitment or an outstanding Tranche B Term Loan.

  • Tax Lender has the meaning specified therefor in Section 14.2(a) of the Agreement.

  • Swingline Lender means JPMorgan Chase Bank, N.A., in its capacity as lender of Swingline Loans hereunder.

  • Swing Loan Lender means PNC, in its capacity as lender of the Swing Loans.

  • Approved Lender is defined in Section 12.1.

  • Lender Party means any Lender, the Issuing Bank or the Swing Line Bank.

  • Term Lender means, at any time, any Lender that has a Term Commitment or a Term Loan at such time.

  • Fronting Lender means, as to any Letter of Credit transaction hereunder, Agent as issuer of the Letter of Credit, or, in the event that Agent either shall be unable to issue or shall agree that another Lender may issue, a Letter of Credit, such other Lender as shall agree to issue the Letter of Credit in its own name, but on behalf of the Lenders hereunder.