Services a loan definition

Services a loan or “servicing a loan” means undertaking the direct collection of payments on a loan from the borrower or the right to undertake direct collection of payments on a loan from the borrower.
Sample 1Sample 2Sample 3
Services a loan or “servicing a loan” means undertaking the direct collection of payments on a loan from the borrower or holding the right to undertake direct collection of payments on a loan from the borrower. Undertaking the direct collection of payments means receiving any scheduled periodic payments from a borrower pursuant to the terms of any federally related mortgage loan. Holding the right to undertake direct collection of payments means holding the right to service a loan, including where the holder of this right contracts with or otherwise arranges for another person to service the loan.
Sample 1Sample 2Sample 3

Examples of Services a loan in a sentence

  • Blackpool Transport Services Limited On 23rd May 2016 the Executive agreed to offer Blackpool Transport Services a loan facility of £7,740,000 to fund the purchase of 10 double buses and 25 vehicles between June 2016 and June 2017.

  • Loan repayments are made to Matrix Financial Services, a loan service bureau, which charges a fee of $5.95 per month per loan.

  • In May 2015, Castronovo received a letter from BSI Financial Services, a loan servicer.

  • Blackpool Transport Services LimitedOn 23rd May 2016 the Executive agreed to offer Blackpool Transport Services a loan facility of £7,740,000 to fund the purchase of 10 double buses and 25 vehicles between June 2016 and June 2017.

  • As part of DP3, PMV has contributed $2 million to the Corporation of Delta so they could purchase the Seven Seas Property in Ladner for the purposes of expanded public areaand access to the water.3Roger Emsley March 18, 2009 EmailThere appears to be no progress with the Roberts Bank Environment Stewardship Program.The Burrard Inlet Environmental Action Program and Fraser River Estuary Management Program (BIEAP/FREMP) is leading the Roberts and Sturgeon Banks Reach Overview (Integration Action Program).

  • Hazell, Senior Vice President, R&D Contract Services, a loan in the principal amount of$250,000 plus interest at 6.74%.

Related to Services a loan

  • Transition Services Agreement shall have the meaning set forth in Section 5.10.

  • Hosting Services means the provision, administration, and maintenance of servers and related equipment, the provision of bandwidth at the hosting facility, and the operation of the Application for access by Customer Users to be provided by the relevant hosting service provider.

  • Services Provider means a provider of telecommunications services or other services similar to the Services, including O2 or an O2 Affiliate or any direct or indirect supplier of O2 or an O2 Affiliate;

  • Master Services Agreement means the master services agreement among the Service Providers, the Partnership, BRELP, the Holding Entities and others;

  • Wireless services provider means a person who provides wireless services.

  • Education Services means training services performed or delivered by Company.

  • ancillary services undertaking means an undertaking the principal activity of which consists in owning or managing property, managing data-processing services, or any other similar activity which is ancillary to the principal activity of one or more credit institutions;

  • Construction Services Agreement (CSA) means the Construction Services Agreement, together with any duly authorized and executed amendments hereto.

  • Multiphase professional services contract means a contract for the providing of professional

  • Monitoring Services shall have the meaning set forth in Section 2(b) of this Agreement.

  • Maintenance Services means SAP’s then-current maintenance and/or support services offered under and described in detail in the applicable SAP PartnerEdge Model.

  • Beta Services means Our services that are not generally available to customers.

  • Administration Services means the services required for the effective and efficient administration of Bonitas and includes, but are not necessarily limited to, member record management, contribution management, benefit option management, claims processing and management, management of members’ personal, claims and financial information and any other services that are required for the administration of Bonitas;

  • Adult day services means adult day services as defined in section 231D.1.

  • Ancillary Services means those services that are necessary to support the transmission of capacity and energy from resources to loads while maintaining reliable operation of the Transmission Provider’s Transmission System in accordance with Good Utility Practice. Applicable Laws and Regulations:

  • Regulatory Services Provider means the organization which provides regulatory services to BSEF pursuant to a Regulatory Services Agreement.

  • Professional Services Agreement means the agreement attached hereto as Exhibit C and all written statements of work signed by Licensee and related thereto.

  • Child support services means any civil, criminal or administrative action taken by the Division of

  • Banking Services Agreement means any agreement entered into by the Borrower or any Subsidiary in connection with Banking Services.