Fair Lending. Broker further acknowledges that it is Plaza’s policy and intent to support the promotion of fair lending compliance in accordance with the Fair Housing Act (“FHA”), 42 U.S.C. Sections 3601-3619, and the Equal Credit Opportunity Act (“ECOA”), 15 U.S.C. Sections 1691-1691(f) throughout the residential lending industry. In furtherance of this commitment, Broker hereby agrees to following:
Fair Lending. Neither the Company nor a Company Subsidiary has received any notice or communication from any Governmental Authority alleging violation of, or noncompliance with, any legal requirement concerning any fair lending laws or regulations, including the Equal Credit Opportunity Act and the Fair Housing Act (each such legal requirement and the rules promulgated thereunder, a “Fair Lending Law”). Neither the Company nor a Company Subsidiary has been cited, fined or otherwise notified of any failure by it to comply with a Fair Lending Law which has not been cured or otherwise satisfied in full. To the Knowledge of the Company or a Company Subsidiary, there are no facts or circumstances that could form the reasonable basis for assertion of any proceeding against the Company or a Company Subsidiary under any Fair Lending Law that, if determined adversely to the Company or a Company Subsidiary, could reasonably be expected to have a Material Adverse Effect on the Company and the Company Subsidiaries as a whole.
Fair Lending. Dealer, its agents and employees shall not discriminate against any applicant or potential applicant on a prohibited basis under applicable federal, state or local fair lending laws, including without limitation, setting interest rates on Financing Transactions. Dealer, its agents and employees agree to fully comply with all fair lending laws including but not limited to the Equal Credit Opportunity Act, the Americans with Disabilities Act, Federal Reserve Board Regulation B, the Federal Fair Credit Reporting Act, and all similar state and local laws and regulations. Finance shall in no way be responsible for Dealer's compliance with such laws and regulations. Finance may choose to monitor or independently verify Dealer's compliance with such laws and regulations. If Finance discovers that there are compliance violations or fair lending risks associated with the Dealer, Finance may take any action, in its sole discretion, it deems necessary to mitigate the issues or risks discovered. These actions include but are not limited to: lowering of Customer's interest rate (which may include recapture of all or a portion of the Dealer Fee from Dealer); termination of the Dealer Agreement under Section 9.5; a demand for indemnity from Dealer under Section 8.1; a demand for Purchase/Re-Purchase of a particular Financing Transaction under Section 7.5; and/or any other action Finance, in its sole discretion, determines is necessary and appropriate to mitigate the issues or risks identified.
Fair Lending. Neither the Company nor a Company Subsidiary has received any notice or communication from any Governmental Authority alleging violation of, or noncompliance with, any legal requirement concerning any fair lending laws or regulations, including the Equal Credit Opportunity Act and the Fair Housing Act (each such legal requirement and the rules promulgated thereunder, a “Fair Lending Law”). Neither the Company nor a Company Subsidiary has been cited, fined or otherwise notified of any failure by it to comply with a Fair Lending Law which has not been cured or otherwise satisfied in full.
Fair Lending. Broker has complied with the fair lending requirements of the FHA and all regulations promulgated pursuant thereto and with all other applicable federal, state and local laws, rules and regulations pertaining to fair lending. With respect to each Applicant, Broker has not discriminated in the provision of or in the availability of financial assistance because of the consideration of (A) trends, characteristics or conditions in the neighborhood or geographic area surrounding a housing accommodation, unless Broker can demonstrate in the particular case that such consideration is required to avoid an unsafe and unsound business practice, or (B) race, color, religion, sex, handicap, marital status, domestic partnership, national origin or ancestry. Further with respect to each Applicant, Broker has not considered the racial, ethnic, religious or national origin composition of a neighborhood or geographic area surrounding a housing accommodation or whether or not such composition is undergoing change, or is expected to undergo change, in appraising a housing accommodation or in determining whether or not, or under what terms and conditions, to provide financial assistance.
Fair Lending. Without limiting any other provision of this Agreement, Broker shall not discriminate with respect to any loan application and related loan in violation of Applicable Laws. Broker acknowledges that ClearEdge: 1) has implemented a Fair Lending Plan (which is available on ClearEdge’s website); and (2) will monitor loan submissions for fair lending performance in conformity with its internal Fair Lending Plan, and in compliance with applicable federal and state laws. ClearEdge reserves the right to terminate this Agreement for Broker’s failure to comply with fair lending laws and regulations or ClearEdge’s Fair Lending Plan.
Fair Lending. Without limiting any other provision of this Agreement, Broker shall not discriminate with respect to any Loan Application and related Loan in violation of Applicable Laws. Broker acknowledges that Lender:
Fair Lending. No fair lending laws were violated in the process of soliciting a consumer for the purpose of applying for a mortgage loan, in the taking of the application, or negotiating the pricing or terms of the mortgage loan product selected;
Fair Lending. No predatory, abusive or deceptive lending practices, including but not limited to, the extension of credit to a Borrower without regard for the Borrower’s ability to repay the Loan and the extension of credit to a Borrower which has no tangible net benefit to the Borrower, were employed in connection with the origination of the Loan.
Fair Lending
