Common use of Loan Commitment Clause in Contracts

Loan Commitment. “Loan Commitment” means a statement by the lender setting forth the terms and conditions upon which the lender is willing to make a particular mortgage loan to a particular borrower. Neither a pre-approval letter nor a prequalification letter shall be deemed a Loan Commitment for purposes of this Contract.

Appears in 4 contracts

Samples: www.brightrealtyfl.com, www.foxxrealestate.com, legacy.websitebox.com

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Loan Commitment. “Loan Commitment” means a statement by the lender setting forth the terms and conditions 571 upon which the lender is willing to make a particular mortgage loan to a particular borrower. Neither a pre-approval 572 letter nor a prequalification letter shall be deemed a Loan Commitment for purposes of this Contract.

Appears in 1 contract

Samples: www.floridaforboomers.com

Loan Commitment. “Loan Commitment” means a statement by the lender setting forth the terms and conditions 574 upon which the lender is willing to make a particular mortgage loan to a particular borrower. Neither a pre-approval 575 letter nor a prequalification letter shall be deemed a Loan Commitment for purposes of this Contract.

Appears in 1 contract

Samples: rpptl.org

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Loan Commitment. “Loan Commitment” means a statement by the lender setting forth the terms and 605 conditions upon which the lender is willing to make a particular mortgage loan to a particular borrower. Neither a 606 pre-approval letter nor a prequalification letter shall be deemed a Loan Commitment for purposes of this Contract.. 607 U.

Appears in 1 contract

Samples: eforms.com

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