Examples of Acceptable Lender in a sentence
Except for assignments to any Federal Reserve Bank or, with the Borrower’s consent (such consent not to be unreasonably withheld or delayed), to any central governmental authority as collateral security pursuant to Regulation A of the F.R.S. Board and any Operating Circular issued by such Federal Reserve Bank, no assignment shall be made to any Person that is not an Acceptable Lender.
Except for assignments to any Federal Reserve Bank or, with the Borrower's consent (such consent not to be unreasonably withheld or delayed), to any central governmental authority as collateral security pursuant to Regulation A of the F.R.S. Board and any Operating Circular issued by such Federal Reserve Bank, no assignment shall be made to any Person that is not an Acceptable Lender.
Except for assignments to any Federal Reserve Bank or, with the Borrower’’s consent (such consent not to be unreasonably withheld or delayed), to any central governmental authority as collateral security pursuant to Regulation A of the F.R.S. Board and any Operating Circular issued by such Federal Reserve Bank, no assignment shall be made to any Person that is not an Acceptable Lender.
Unless adjusted by Fannie Mae, each Lender must maintain a minimum Acceptable Lender Net Worth equal to the greater of $7.5 million or the following.
Acceptable Lender Net Worth Test CalculationEach Lender must meet the Acceptable Lender Net Worth Test, measured at the end of each calendar quarter.
Acceptable Lender AI Practices• Asking a person that prepares a valuation to consider additional, appropriate property information, including information about comparable properties, to make or support a valuation.
Each Lender must comply continuously with the Acceptable Lender Net Worth Test pursuant to Part II, Chapter 4 and this Form.
Acceptable Lender Net Worth for Rated Financial InstitutionsFannie Mae will decrease the Acceptable Lender Net Worth requirement for a Lender that is either: rated investment grade; or a subsidiary or Affiliate of a company that is rated investment grade, but only if the rated company has provided a full and unconditional guaranty of the Lender’s obligations to Fannie Mae.The reductions in a Lender’s minimum Acceptable Lender Net Worth for each rating are shown below.
The total amount of this Agreement shall not exceed Three Million One Hundred Eighteen Thousand Two Hundred Thirty-Four Dollars and Thirty-Three Cents ($3,118,234.33).
Acceptable Lender Net Worth DefinitionFannie Mae defines "Acceptable Lender Net Worth" as follows.