Examples of Report of examination in a sentence
That Nationstar, working in conjunction with the Participating States and the CFPB, during the examination resolution process, already has provided at least Fifty-Seven Million, Seven Hundred and Twenty-Three Thousand, and Forty Nine Dollars ($57,723,049) in consumer relief, including reimbursement for all consumers identified in the MMC Servicing Report of Examination.
The Report of Examination was issued by the MMC to Nationstar on July 15, 2015, and identified compliance violations of both State and Federal law, deficiencies in the overall financial condition of the company, inadequate policies and procedures, and insufficient internal controls over the mortgage loan origination operations of the company (the “MMC Origination Report of Examination”).
Neither Prospect nor any of its owners, directors, officers, employees, successors or assigns will be subject to any additional examination or enforcement claims or actions by the State Mortgage Regulators concerning any violations identified in the Report of Examination or the operations of C2C during the C2C Operations Period, except as otherwise set forth in this Agreement.
The Report of Examination was issued by the MMC to Prospect on May 2, 2013, and identified compliance violations of both Federal and State law (the “Report of Examination”).
The Bank shall not, directly or indirectly, extend, renew, or restructure any credit to or for the benefit of any borrower, including any related interest of the borrower, whose loans or other extensions of credit are criticized in the Report of Examination or in any subsequent report of examination, without the prior approval of a majority of the full board of directors or a designated committee thereof.
Prospect represents that it has implemented, and will continue to maintain, procedures designed to ensure that Prospect has complied with all regulatory requirements imposed by each individual State Mortgage Regulator pursuant to the provisions of the Report of Examination.
Prospect enters into this Agreement solely for the purpose of resolving disputes with the State Mortgage Regulators concerning the Report of Examination prior to commencement of any formal enforcement actions or proceedings and without any charges filed and adjudicated before the State Mortgage Regulators with respect to any violations noted in the Report of Examination.
However, because a CRA performance evaluation is not a Report of Examination for purposes of this MOU, it is not subject to the 30-day comment period described in section IV.A.7.
Report of Examination to Appropriate Public Waters of the State of Washington: North Beach Water, North Wellfield.
Within 10 days of this Agreement, the Bank shall eliminate from its books, by charge-off or collection, all assets or portions of assets classified “loss” in the Report of Examination that have not been previously collected in full or charged off.