STANDARD LOANS means the revolving loans made by the Lenders to the Borrower pursuant to Section 2.04. Each Standard Loan shall be a Eurodollar Standard Loan, a CD Loan or an ABR Loan.
STANDARD LOANS means a Loan that results from the refinancing of a “non-standard mortgage” and that satisfies the provisions of 12 C.F.R. Section 1026.43(d)(3) that exempt residential mortgage loans from the ability-to-repay requirements set forth in 12 C.F.R. Section 1026.43(c).
Examples of STANDARD LOANS in a sentence
All other loans are dealt with as STANDARD LOANS or INTERIM LOANS (see 4 and 5 below)The maximum loan amount is the lesser of $50,000 or the amount of the expenditure for Authorized Purpose.