Common use of Acknowledgement of Anti-Predatory Lending Policies Clause in Contracts

Acknowledgement of Anti-Predatory Lending Policies. On the Purchase Date, Purchaser has in place internal policies and procedures that expressly prohibit its purchase of any high cost Mortgage Loan as specified in Section 3.02 (rr).

Appears in 12 contracts

Samples: Warranties and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-A3), Warranties and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series MLCC 2006-3), Warranties and Servicing Agreement (Merrill Lynch Mortgage Backed Securities Trust, Series 2007-1)

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