Preferred lender definition
Preferred lender means a bank that is subject to continuing supervision and examination by state or
Preferred lender means a bank that is subject to continuing supervision and examination by state or federal chartering, licensing, or similar regulatory authority satisfactory to the Authority and that meets the eligibility requirements established by the Authority.
Preferred lender is a qualified institutional mortgage lender ("Lender") designated by Seller. ▇▇▇▇▇ is not obligated to use the Preferred Lender to obtain a mortgage loan to purchase the Property and Buyer may make application to the Preferred Lender or any Lender of Buyer's choice.
More Definitions of Preferred lender
Preferred lender. – means any Potential Lender that has
Preferred lender has the meaning given to that phrase in subsection 17.11 (Adjustment payment).
Preferred lender is a Lender designated by Seller. ▇▇▇▇▇ agrees to apply within five (5) calendar days from the Effective Date of this Agreement for a loan at the then prevailing interest rate and terms. In the event ▇▇▇▇▇ chooses to obtain financing through a Lender other than Lennar Mortgage, LLC or such other Preferred Lender, ▇▇▇▇▇ agrees to promptly provide Seller, upon Seller's request, with the name, address and phone number of such Lender, the loan officer and the loan processor. Buyer shall furnish promptly and accurately to Lender all information and documents requested by ▇▇▇▇▇▇ in connection with such application. If Buyer properly makes and pursues the loan application as provided herein but is unable to provide Seller with a copy of a written loan Approval reasonably satisfactory to Seller within the Mortgage Contingency Period, or if Buyer is at any time disapproved for such loan (and ▇▇▇▇▇ does not cancel or withdraw his/her loan application), then Seller, at its sole discretion, may cancel this Agreement by written notice to Buyer, at Buyer's last known address, in which event Seller shall refund any paid Deposit made by ▇▇▇▇▇. If Buyer properly makes and pursues the loan application as provided herein but is unable to obtain mortgage loan financing, despite ▇▇▇▇▇'s good faith efforts to do so, and Buyer is not otherwise in default under this Agreement, and further provided that Buyer provides Seller with documentation from Lender that the loan has been declined, Buyer may cancel this Agreement by giving written notice to Seller within the Mortgage Contingency Period, in which event Seller shall refund any paid Deposit. If this Agreement provides for a VA guaranteed or FHA-insured loan, ▇▇▇▇▇'s obligation to complete the purchase contemplated under this Agreement is subject to the VA/FHA Addendum attached hereto and incorporated herein. The following shall apply only if this Agreement is subject to the Mortgage Contingency, as indicated above:
Preferred lender. – means any Potential Lender that has undergone and successfully concluded the process under the Evaluation Criteria;
Preferred lender means any lending institution that a school