Prospective borrower definition

Prospective borrower means a person applying for a mortgage from a person who is required to be licensed under this chapter.
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Prospective borrower means any person who seeks to borrow money to finance the acquisition, construction, repair, or maintenance of real property.
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Prospective borrower means an eligible entity seeking credit assistance.
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Examples of Prospective borrower in a sentence

  • Prospective borrower means an entity that is contemplating or is in the process of undertaking the WIFIA application process, or an entity that has undertaken these activities on behalf of another entity.

  • Prospective borrower is invited to the bank to sign the loan documents before disbursement.

  • Prospective borrower contacts the Office of Community Development (OCD).

  • Prospective borrower): Any person or persons who apply for a MSHDA Homeown- ership mortgage for a determination of eligibility under the program criteria.

  • Prospective borrower of Lend-Use to apply for Lend-Use approval toward the Property Manager.

  • Based on past default (repayment) experience, the linear probability model is estimated as: PDi = 0.105(D/Ai ) - 0.35(PMi ) Prospective borrower A has a D/A = 0.65 and a PM = 5%, and prospective borrower B has a D/A = 0.45 and PM = 1%.


More Definitions of Prospective borrower

Prospective borrower means aneligible entity seeking credit assistance.
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Prospective borrower means an eli- gible entity seeking credit assistance.
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Prospective borrower has the meaning as set forth in Schedule B (Program Operations and Enrollment Procedures).
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Prospective borrower means a limited company, LLP, partnership or individual, Introduced by the Registered Adviser to FundingKnight and whom FundingKnight has not at any time previously provided a Loan or with whom FundingKnight has not been in good faith negotiations to provide a Loan in the twelve months before the Introduction Date.
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Prospective borrower includes any person who seeks to borrow money to finance the acquisition, construction, repair, or maintenance of a housing accommodation;
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Related to Prospective borrower

  • Lead Borrower has the meaning assigned to such term in the preamble of this Agreement.

  • Eligible borrower means owners or others having an interest in property situated within the downtown area of a participating city, community development corporations associated with a participating city, Iowa main street program organizations associated with a participating city, community-initiated development groups associated with a participating city, or other organization associated with a participating city for purposes of implementing the Iowa main street program.

  • Borrower Representative has the meaning assigned to such term in Section 11.01.

  • Borrower as defined in the preamble hereto.

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Borrowers each has the meaning specified in the introductory paragraph hereto.

  • Borrower Notice has the meaning specified in Section 7.12(b)(iv).

  • Subsidiary Borrower mean each Subsidiary of the Company that shall become a Subsidiary Borrower pursuant to Section 2.19, so long as such Subsidiary shall remain a Subsidiary Borrower hereunder. As of the date hereof, there are no Subsidiary Borrowers party hereto.