Common use of Secondary Mortgage Market Enhancement Act Clause in Contracts

Secondary Mortgage Market Enhancement Act. With respect to each Contract, the related Manufactured Home is a "manufactured home" within the meaning of 00 Xxxxxx Xxxxxx Code, Section 5402(6), and at the origination of each such Contract, the Company was approved for insurance by the Secretary of Housing and Urban Development pursuant to Section 2 of the National Housing Act and, at the origination of each Acquired Contract in Group II purchased by the Company, the Originator of such Acquired Contract was a savings and loan association, a savings bank or a Person approved for insurance by the Secretary of Housing and Urban Development under Section 2 of the National Housing Act or a "similar institution supervised and examined by a Federal or State authority" within the meaning of Section 3(a)(41) of the Securities Exchange Act of 1934, as amended.

Secondary Mortgage Market Enhancement Act. With respect to each Contract----------------------------------------- Group II Contract , the related Manufactured Home is a "manufactured home" within the meaning of 00 Xxxxxx Xxxxxx Code, Section 5402(6), and at the origination of each such Contract, the Company was approved for insurance by the Secretary of Housing and Urban Development pursuant to Section 2 of the National Housing Act and, at the origination of each Acquired Contract in Group II purchased by the Company, the Originator of such Acquired Contract was a savings and loan association, a savings bank or a Person approved for insurance by the Secretary of Housing and Urban Development under Section 2 of the National Housing Act or a "similar institution supervised and examined by a Federal or State authority" within the meaning of Section 3(a)(41) of the Securities Exchange Act of 1934, as amended.