Conformance with Underwriting Guidelines Clause Samples
The "Conformance with Underwriting Guidelines" clause requires parties to adhere to specific underwriting standards or procedures set by an insurer or financial institution. In practice, this means that any policies issued, risks accepted, or actions taken under the agreement must comply with the current underwriting rules, which may cover eligibility criteria, documentation requirements, or risk assessment protocols. This clause ensures consistency and regulatory compliance in underwriting practices, reducing the risk of disputes and helping maintain the integrity of the insurance or financial process.
Conformance with Underwriting Guidelines. The Mortgage Loan was underwritten in accordance with the Company’s Underwriting Guidelines in effect at the time the Mortgage Loan was originated;
Conformance with Underwriting Guidelines. The Mortgage Loan was underwritten in accordance with the Company’s Underwriting Guidelines in effect at the time the Mortgage Loan was originated. The Mortgage Loan is in conformity with the standards of ▇▇▇▇▇▇▇ Mac or ▇▇▇▇▇▇ Mae under one of their respective home mortgage purchase programs (except that the principal balance of certain Mortgage Loans may have exceeded the limits of ▇▇▇▇▇▇ ▇▇▇ and ▇▇▇▇▇▇▇ Mac) and the Mortgage Note and Mortgage are on forms acceptable to ▇▇▇▇▇▇▇ Mac or ▇▇▇▇▇▇ ▇▇▇;
Conformance with Underwriting Guidelines. The Mortgage Loan was underwritten in accordance with the Underwriting Guidelines in effect as of the date of origination of such Mortgage Loan (as described in the Prospectus Supplement). The Mortgage Note and Mortgage are on forms generally acceptable to F▇▇▇▇▇▇ Mac or F▇▇▇▇▇ Mae and the Originator has not made any representations to a Mortgagor that are inconsistent with the mortgage instruments used;
Conformance with Underwriting Guidelines. The Mortgage Loan was underwritten in accordance with the Seller's underwriting guidelines in effect at the time the Mortgage Loan was originated, a copy of which underwriting guidelines are attached as EXHIBIT 8 hereto. The Mortgage Loan is in conformity with the standards of ▇▇▇▇▇▇ ▇▇▇ or ▇▇▇▇▇▇▇ Mac under one of their respective home mortgage purchase programs (except that the principal balance of certain Mortgage Loans may have exceeded the limits of ▇▇▇▇▇▇ Mae and ▇▇▇▇▇▇▇ Mac) and the Mortgage Note and Mortgage are on forms acceptable to ▇▇▇▇▇▇ Mae or ▇▇▇▇▇▇▇ Mac;
Conformance with Underwriting Guidelines. The Mortgage Loan was underwritten in accordance with the Seller's underwriting guidelines in effect at the time the Mortgage Loan was originated, a copy of which underwriting guidelines are attached as Exhibit 8 hereto. The Mortgage Note and Mortgage are on forms acceptable to ▇▇▇▇▇▇ ▇▇▇ or ▇▇▇▇▇▇▇ Mac;
Conformance with Underwriting Guidelines. Each Group II Student Loan was underwritten in accordance with the guidelines of the originator or KBNA or its predecessor, KBUSA, in existence at the time of origination and made available to the Underwriters and the Rating Agencies prior to sale hereunder.
Conformance with Underwriting Guidelines. Each Financed Student Loan constituting a Financed Private Loan was underwritten in accordance with the guidelines in existence as of the Closing Date and made available to the Underwriters, the Securities Insurer and the Rating Agencies.
Conformance with Underwriting Guidelines. The Mortgage Loan was underwritten in accordance with the Seller's underwriting guidelines in effect at the time the Mortgage Loan was originated. The Mortgage Note and Mortgage are on forms acceptable to Freddie Mac or Fannie M▇▇.
Conformance with Underwriting Guidelines. The Loan was underwritten in accordance with the applicable Underwriting Guidelines. If such Loan is an Agency Eligible Loan, the Note and Mortgage (exclusive of any riders) are on forms similar to those used by or acceptable to the applicable Agency, FHA, VA or HUD, as applicable, and neither Seller has made any representations to a Mortgagor that are inconsistent with the mortgage instruments used. The methodology used in underwriting the extension of credit for each Loan is in accordance with the applicable Underwriting Guidelines or employs objective quantitative principles which relate the Mortgagor’s credit characteristics, income, assets and liabilities (as applicable to a particular underwriting program) to the proposed payment, and such underwriting methodology does not rely on the extent of the Mortgagor’s equity in the collateral as the principal determining factor in approving such credit extension.
Conformance with Underwriting Guidelines. Each Group II Student Loan constituting a Financed Private Loan was underwritten in accordance with the guidelines of KBUSA in existence as of the Closing Date and made available to the Underwriters, the Securities Insurer and the Rating Agencies.