Common use of Criteria for Eligible Loans Clause in Contracts

Criteria for Eligible Loans. Unless otherwise agreed upon, the Mortgage Loan has been generally underwritten in accordance with, and meets the parameters of, the underwriting requirements set forth in the Underwriting Guide or the Seller's underwriting guidelines. No Conduit Mortgage Loan is (i) covered by the provisions of the Homeownership and Equity Protection Act of 1994 or (ii) in violation of, or classified as a "high cost", "threshold", "covered" or "predatory" loan under, any other applicable state, federal or local law (or a similarly classified loan using different terminology under a law imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees). No Conduit Mortgage Loan is subject to any rights of rescission, counterclaims or defenses;

Criteria for Eligible Loans. Unless otherwise agreed upon, the Mortgage Loan has been generally underwritten in accordance with, and meets the parameters of, the underwriting requirements set forth in the Underwriting Guide or the Seller's underwriting guidelines. No Conduit Mortgage Loan is (i) covered by the provisions of the Homeownership and Equity Protection Act of 1994 or (ii) in violation of, or classified as a "high cost", "threshold", "covered" or "predatory" loan under, any other applicable state, federal or local law (or a similarly classified loan using different terminology under a law imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees). No Conduit Mortgage Loan is subject to any rights of rescission, counterclaims or defenses;

Criteria for Eligible Loans. Unless otherwise agreed upon, the Mortgage Loan has been generally underwritten in accordance with, and meets the parameters of, the underwriting requirements set forth in the Underwriting Guide or the Seller's underwriting guidelines. No Conduit Mortgage Loan is (i) covered by the provisions of the Homeownership and Equity Protection Act of 1994 or (ii) in violation of, or classified as a "high cost", ," "threshold", ," "covered" or "predatory" loan under, any other applicable state, federal or local law (or a similarly classified loan using different terminology under a law imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees). No Conduit Mortgage Loan is subject to any rights of rescission, counterclaims or defenses;

Criteria for Eligible Loans. Unless otherwise agreed upon, the The Conduit Mortgage Loan has been generally underwritten in accordance with, and meets the parameters of, the underwriting requirements set forth in the Underwriting Guide or the Seller's ’s underwriting guidelines. No Conduit Mortgage Loan is (i) covered by the provisions of the Homeownership and Equity Protection Act of 1994 or (ii) in violation of, or classified as a "“high cost"”, "“threshold"”, "“covered" ” or "“predatory" ” loan under, any other applicable state, federal or local law (or a similarly classified loan using different terminology under a law imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees). No Conduit Mortgage Loan is subject to any rights of rescission, counterclaims or defenses;