Examples of Eligible Lenders in a sentence
Property owners will obtain all financing from the Eligible Lenders they choose.
Based on this preliminary letter, the property owner may initiate an independent third-party review of the project and submit the project to Eligible Lenders for approval of financing.
Eligible Lenders should follow their normal policies and procedures for originating a loan to a new customer, including Know Your Customer procedures.
Eligible Lenders are expected to conduct an assessment of each potential borrower’s financial condition at the time of the potential borrower’s application.
Eligible Lenders are not permitted to recognize collateral attributable to the Main Street SPV’s interest for purposes of the credit risk mitigation treatment under the capital rule.The treatment described above applies only to Eligible Lenders that are subject to the federal banking agencies’ capital rule.