Predatory Lending Regulations definition
Predatory Lending Regulations. None of the Mortgage Loans are classified as (i) "high cost loans" under the Home Ownership and Equity Protection Act of 1994 or (ii) in violation of, or classified as "high cost", "threshold," "predatory" or "covered" loans under, any other applicable state, federal or local law (or a similarly classified loan using different terminology under a law imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees). No Conduit Mortgage Loan originated on or after October 1, 2002 through March 6, 2003 is governed by the Georgia Fair Lending Act;
Examples of Predatory Lending Regulations in a sentence
LEGAL02/37648106v16 ([[) Predatory Lending Regulations; High Cost Loans.
This representation and warranty is a Deemed Material and Adverse Representation; (tt) Predatory Lending Regulations.
Each Mortgage Loan is subject to a Prepayment Penalty as provided in the related Mortgage Note unless otherwise indicated on the Mortgage Loan Schedule hereof, and no Mortgage Loan has a Prepayment Penalty period in excess of five years; (uu) Predatory Lending Regulations.