Regulated Mortgage Contract definition

Regulated Mortgage Contract means a credit agreement which constitutes a "regulated mortgage contract" as defined in the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (SI 2001/544), as amended from time to time; Regulation S means Regulation S under the Securities Act; Regulations means as the context may require the 1999 Regulations and/or, as applicable, the Unfair Terms in Consumer Contracts Regulations 1994 (SI 1994/3159) as amended from time to time;

Regulated Mortgage Contract means a mortgage contract falling within Article 61(3) of the XXX.

Regulated Mortgage Contract means a mortgage contract falling within article 61(3) of the RAO;

Examples of Regulated Mortgage Contract in a sentence

• In this respect, the FSMA regime not only covers financial promotions of Regulated Mortgage Contracts but also promotions of certain other types of secured credit agreements under which the lender is a person (such as the Seller) who carries on the regulated activity of entering into a Regulated Mortgage Contract.

• An unauthorised person who carries on the regulated mortgage activity of administering a Regulated Mortgage Contract that has been validly entered into may commit an offence, although this will not render the contract unenforceable against the borrower.

• A Regulated Mortgage Contract under the FSMA, if originated by a UK lender from an establishment in the UK, will not be cancellable under these regulations but will be subject to related pre-contract disclosure requirements in MCOB.

• If the lender or any broker did not hold the required authorisation at the relevant time, a Regulated Mortgage Contract will be unenforceable against the borrower except with the approval of a court and the unauthorised person may commit a criminal offence.

• The specified activities currently are: (a) entering into a Regulated Mortgage Contract as lender; (b) administering a Regulated Mortgage Contract ("administering" in this context broadly means notifying borrowers of changes in mortgage payments and/or collecting payments due under the mortgage loan); (c) advising on Regulated Mortgage Contracts; and (d) arranging Regulated Mortgage Contracts.

More Definitions of Regulated Mortgage Contract

Regulated Mortgage Contract means a mortgage contract falling within article 61(3) of the XXX; Website(s): the Lender Brands mortgage intermediary websites (as these may be amended from time to time) or any successor websites or other URLs or electronic addresses notified to you. The term “Website” covers all facilities provided in connection with the website including the On-line Mortgage Application system.

Regulated Mortgage Contract means a contract where the loan is provided to on individual (i.e. sole trader or partnership) and the loan is secured by a first legal mortgage on land in the UK where at least 40% of that land is used or is intended to be used as or in the connection with a dwelling by the borrower or a close family member. “servicing account” means an account through which the Bank channels your and the Bank’s payments under this agreement. You may use your current account with the Bank as your servicing account. “your business” shall include, in the case of a Company or a limited liability Partnership, the business of your subsidiaries 7.16 The Bank will not be liable for any loss, damage, interruption, delay or non-performance in connection with this agreement to the extent that it is caused by events which are beyond the Bank’s reasonable control which may include for example explosion, terrorism, war, riot or other civil disturbance or failure or interruption of any electronic communications system caused by someone else 7.17 If you do not pay the Bank what you owe under this agreement and the Bank does not require you to pay interest on that amount at the default rate pursuant to Cause 6.3 above and the Bank obtains judgment against you in a court, the Bank may continue to charge interest on the judgment amount at the role specified in Section 2.3 of the Specific Terms and Conditions of this agreement.

Regulated Mortgage Contract means a contract under which –

Regulated Mortgage Contract means a contract where the loan is provided to an individual (i.e.. sole trader or partnership) and the loan is secured by a first legal mortgage onelend in the UK where at least 40% of that land is used or is intended to be used as or in the connection with a dwelling by the borrower or a close family member. Any charges payable under this clause will be the same as the equivalent charges applicable at the time to the Bank's standard business current account. The Bank has provided you with details of these and you can ask the Bank for another copy of those details at any time.

Regulated Mortgage Contract means any regulated mortgage contract under FSMA;

Regulated Mortgage Contract has the meaning given to it under FSMA on or after N(M), being a contract that is a regulated mortgage contract if, at the time it is entered into:

Regulated Mortgage Contract means an agreement under FSMA where, at the time it is entered into on or after the Mortgage Regulation Date: (a) the borrower is an individual or trustee; (b) the contract provides for the obligation of the borrower to repay to be secured by a mortgage on land (other than timeshare accommodation) in the EEA; and (c) at least 40 per cent. of that land is used, or is intended to be used, as or in connection with a dwelling by the borrower or (in the case of credit provided to trustees) by an individual who is a beneficiary of the trust, or by a related person;