VA Guaranty definition

VA Guaranty. A guaranty granted by the VA with respect to any Mortgage Loan.

VA Guaranty. As to any VA Asset, VA's full or partial guaranty of payment of amounts due thereunder.

VA Guaranty means a guaranty by the VA under the Serviceman’s Readjustment Act of 1944, as amended, provided such guaranty shall be in accordance with Section 4.02 hereof.

Examples of VA Guaranty in a sentence

• The origination fee may not be charged on financed FHA MIP, VA Guaranty Fee, USDA/RD Guaranty Fee or PMI, unless expressly permitted by FHA, VA, USDA/RD or PMI regulations.

• The substance of any such waiver, alteration or modification has been approved by the insurer under the Primary Insurance Policy, if any, and the title insurer, to the extent required, and, with respect to the FHA, RHS and VA Loans, has been approved by the FHA, to the extent required by the FHA Insurance Contract, the RHS to the extent required of the Rural Housing Service Guaranty or the VA, to the extent of the VA Guaranty Agreement, and its terms are reflected on the Mortgage Loan Schedule.

• In servicing and administering the Mortgage Loans, the Servicer shall employ procedures including collection procedures and exercise the same care that it customarily employs and exercises in servicing and administering mortgage loans for its own account giving due consideration to accepted mortgage servicing practices of prudent lending institutions, the FHA Insurance Contracts and the VA Guaranty Agreements, where applicable, and the Certificateholders' reliance on the Servicer.

• To the extent that original documents are not required for purposes of realization of Liquidation Proceeds, Insurance Proceeds, VA Guaranty Proceeds, FHA Proceeds or Securitization proceeds, documents maintained by the Servicer may be in the form of microfilm or microfiche or such other reliable means of recreating original documents, including but not limited to, optical imagery techniques so long as the Servicer complies with the requirements of the Guidelines.

• The PFI as the Servicer shall be responsible for any and all Unreimbursed Servicing Expenses for any Government Mortgage (after application of all applicable FHA Insurance, VA Guaranty or other government insurance or guaranty) in accordance with Section 7.1(d) below, and therefore no losses with respect to a Government Mortgage are payable by the Bank except as may expressly be agreed to in writing by the Bank.

More Definitions of VA Guaranty

VA Guaranty means a loan guaranty certificate granted by the VA with respect to a mortgage loan under the Serviceman’s Readjustment Act of 1944, as amended from time to time.

VA Guaranty means a guaranty of a Mortgage Loan by VA pursuant to the provisions of the Servicemen’s Readjustment Act of 1944, as amended.

VA Guaranty means a guaranty by the VA under the Serviceman’s Readjustment Act of 1944, as amended. Unless otherwise defined herein, all words and phrases defined in Article I of the General Bond Resolution, the Series Resolution and the Servicing Agreement shall have the same meaning herein.

VA Guaranty. The obligation of VA respecting the guaranty of a VA Loan pursuant to the Servicemen's Readjustment Act of 1944, as amended.

VA Guaranty. As to any VA Receivable, VA's full or partial guaranty of payment of amounts due thereunder. Except as otherwise specified herein or as the context may otherwise require, for all purposes of this Agreement, capitalized terms used but not otherwise defined herein have the meanings set forth in the Indenture.

VA Guaranty means a guaranty of the United States of an eligible home mortgage loan on behalf of an eligible veteran for a one to four family home to be occupied by the veteran pursuant to the Servicemen’s Readjustment Act of 1944.

VA Guaranty means a guaranty by the VA under the Serviceman’s Readjustment Act of 1944, as amended, meeting the requirements.