Loan Origination. A. The Lender agrees loan funds will be used for the purposes authorized in 7 C.F.R. part 4279 in accordance with the terms of Form RD 4279-3, “Conditional Commitment for Guarantee." For the Section 9006 program, the citation is 7 C.F.R., part 4280, subpart B.
Loan Origination. The Company shall, and the PHH Member shall cause the Company to, operate in accordance with the provisions of this Article III.
Loan Origination. (a) On each day on which UNI receives Loan Applications from Loan Applicants that satisfy the eligibility criteria set forth in the Program Guidelines and that were approved by Bank for Loans, and who agreed to their Loan terms, UNI shall provide Bank a statement (each such statement, a “Funding Statement”) for origination of such Loans, containing, as applicable, (i) a list of all Loan Applicants who meet the eligibility criteria set forth in the Program Guidelines and was approved by Bank; (ii) the applicable Loan Proceeds to be disbursed by Bank for each Loan; (iii) all information necessary for the transfer of the Loan Proceeds to the corresponding Borrowers, including depository institution names, routing numbers and account number; and (iv) such other information as shall be reasonably requested by Bank.
Loan Origination. All Insurance Premium Loans are originated in accordance with the requirements of this Agreement, the Collateral Value Policy, the Contingent Collateral Value Policy, the Loan Documents, the Transactions Documents, all Requirements of Law and the investment procedures and criteria of the Originator and the Borrower consistent with past practices.
Loan Origination. All Insurance Premium Loans acquired by the Borrower (actually or beneficially through a participation) with proceeds from the Loan are originated in accordance with facts and assumptions identified in the Local Counsel Opinions, the requirements of this Agreement, the Collateral Value Policy, the Loan Documents, the Transactions Documents, all Requirements of Law (including those identified in the Local Counsel Opinions), and the investment procedures and criteria of the Originator and the Borrower consistent with past practices.
Loan Origination. Each Loan complied at the time the Loan was originated in all material respects with all applicable requirements of applicable federal, state, and local laws and regulations thereunder.
Loan Origination. A. The Lender agrees loan funds will be used for the purposes authorized in 7 CFR part 4279 in accordance with the terms of Form RD 4279- 3, “Conditional Commitment for Guarantee." For the Rural Energy for America program, the citation is 7 CFR part 4280, subpart B.
Loan Origination. “MANAGER” will generate potential borrowers, pre-qualify borrowers, complete all loan applications and documents, obtain all required supporting documents and information, process loan applications and submit a complete loan file in a timely and proper manner pursuant to “AMSTAR” and/or “AMSTAR’S” lender’s procedures.
Loan Origination. (a) On (i) each day on which Platform Agent receives a Loan Application from a Loan Applicant that Platform Agent determines satisfies the eligibility criteria set forth in the Program Guidelines, and (ii) each Business Day on which any Loan is sold by Bank to Purchaser pursuant to the Loan Sale Agreement, Platform Agent shall provide to Bank a Funding Statement.
Loan Origination. Michigan Saves has contracted with a lending support service provider to serve as the Michigan Saves Loan Application Center, which includes performing the following functions: ◼ Verifying that the contractor performing the work being financed by the loan is Michigan Saves authorized ◼ Obtaining consent from borrowers for lender, contractor, and utility company to disclose to Michigan Saves relevant customer-specific information about the improvements made, financing provided, and pre- and post-installation energy savings ◼ Helping potential borrowers select a loan provider from authorized lenders, which will include quickly identifying among all authorized lenders (1) lenders with which the borrower already has a financial relationship and (2) lenders from which the borrower is eligible to get a loan ◼ Facilitating satisfying the loan requirements of the selected lender, including new member/customer enrollment, new account establishment, and funding of account(s) ◼ Confirming compliance with Michigan Saves program requirements and any other more stringent standards set by authorized lenders ◼ Communicating loan approval immediately (within minutes or even seconds) upon receiving the loan application submission via Web or phone ◼ Providing the contractor the name and address of the lender to which they must send the Michigan Saves Certificate of Completion to receive payment ◼ Transmitting loan applications electronically to appropriate financial institution for processing Note: Lender should be aware that some of the sales that will be financed with Michigan Saves Loans will have been initiated by a contractor and, therefore, subject to the Michigan Home Solicitation Act. For these sales, the customer has a right to cancel any time prior to midnight of the third business day after the date of the sale. Loan Closing and Servicing Once loan origination is complete, the lender will close the loan through the mail or electronic means. Payment to the contractor will not occur until the work is completed and the borrower has signed a Michigan Saves Certificate of Completion. This certificate will contain information about the improvements that were made in the home and certify that the borrower is satisfied with the completed work and consents to share certain information with Michigan Saves. The contractor will submit the signed form to the appropriate lender, triggering payment to the contractor. The lender will service the loan. If a Michigan Saves authoriz...
