Transferable Record. An Electronic Record under E-SIGN and UETA that (i) would be a note under the Uniform Commercial Code if the Electronic Record were in writing, (ii) the issuer of the Electronic Record has expressly agreed is a “transferable record”, and (iii) for purposes of E-SIGN, relates to a loan secured by real property.
Appears in 4 contracts
Samples: Master Repurchase Agreement (Rocket Companies, Inc.), Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (loanDepot, Inc.)
Transferable Record. An Electronic Record under E-SIGN and UETA that (i) would be a note under the Uniform Commercial Code if the Electronic Record were in writing, (ii) the issuer of the Electronic Record has expressly agreed is a “transferable record”, and (iii) for purposes of E-SIGN, relates to a loan secured by real property. Type: A specific type of mortgage loan, as set forth in the Transactions Terms Letter.
Appears in 2 contracts
Samples: Master Repurchase Agreement (Guild Holdings Co), Master Repurchase Agreement (Rocket Companies, Inc.)
Transferable Record. An Electronic Record under E-SIGN and UETA that (i) would be a note under the Uniform Commercial Code if the Electronic Record were in writing, (ii) the issuer of the Electronic Record has expressly agreed is a “transferable record”, and (iii) for purposes of E-SIGN, relates to a loan secured by real property, and (iv) bears an “electronic signature” as such term is given meaning under E-SIGN and UETA.
Appears in 1 contract
Samples: Master Repurchase Agreement (Mr. Cooper Group Inc.)
