Predatory Lending. Such Eligible Loan Application is not classified as (a) a “high cost” loan under the Home Ownership and Equity Protection Act of 1994, as amended, or (b) a “high cost”, “threshold”, or “predatory” loan under any other applicable state, federal, or local law, (c) a “flipped” loan or loan that does not provide the borrower with a “net tangible benefit” as maybe defined under any applicable state, federal, or local law.
Appears in 3 contracts
Sources: Broker Approval Agreement, Broker Approval Agreement, Broker Approval Agreement