PHL Loan definition
PHL Loan means a Loan that is a fixed or variable rate personal homeowner closed- end loan or open-end line of credit.
PHL Loan means each fixed or variable rate personal homeowner closed-end loan or open-end line of credit that (a) is specifically identified on the Cut-Off Date Data Tape or (b) (i) was charged-off by Sellers or identified by Sellers as paid-in-full as of the Calculation Time on the Cut-Off Date and for which Sellers perform a charge-off reversal or payment reversal prior to the Calculation Time on the Closing Date and (ii) is specifically identified on the Closing Date Data Tape.
Examples of PHL Loan in a sentence
Interim Servicers shall prepare and deliver, on behalf of Owner, the Section 404 Notice required by the Helping Families Act with respect to each Purchased PHL Loan to each Borrower in accordance with applicable Law within 30 days of the Closing Date and Owner shall bear all costs associated with providing such notices.
Interim Servicers shall prepare and deliver, on behalf of each Owner, the Section 404 Notice required by the Helping Families Act with respect to each Purchased PHL Loan to each Borrower in accordance with applicable Law within 30 days of the Closing Date and Owner Representative shall bear all costs associated with providing such notices.