Originations. To the best knowledge of Seller, the Person who ------------ originated the Home Equity Loan and from whom the Seller purchased such Home Equity Loan was properly licensed or otherwise authorized, to the extent required by applicable law, to originate or acquire such Home Equity Loan. Such Home Equity Loan at the time it was made complied in all material respects with applicable state and federal laws and regulations, including, without limitation, usury, equal credit opportunity and disclosure laws. The consummation of the transactions herein contemplated, including, without limitation, the receipt of interest by Certificateholders and the ownership of such Home Equity Loans by the Trust, will not violate any such state or federal law or regulation.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Transamerica Consumer Mortgage Receivables Corp), Pooling and Servicing Agreement (Transamerica Consumer Mortgage Receivables Corp)