Acceptable State definition

Acceptable State means any state acceptable pursuant to Seller’s Underwriting Guidelines.

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Acceptable State means any state notified by the Borrower to the Lender from time to time and approved in writing by the Lender, which approval has not been revoked by the Lender in their sole discretion, any such notice of revocation to be given no later than 10 Business Days prior to its intended effective date.

Acceptable State means any state acceptable pursuant to the Underwriting Guidelines.

Examples of Acceptable State in a sentence

The Mortgaged Property is located in an Acceptable State as identified in the Mortgage Loan Schedule and consists of a single parcel of real property with a dwelling which is acceptable to the related Agency pursuant to the applicable Agency Guide.
The Mortgaged Property is located in an Acceptable State as identified in the Asset Schedule and consists of a single parcel of real property with a dwelling which is acceptable to the related Agency pursuant to the applicable Agency Guide.
Each Mortgaged Property is located in an Acceptable State as identified in the Custodial Asset Schedule and consists of a one- to four-unit residential property, which may include, but is not limited to, a single-family dwelling, townhouse, condominium unit, or unit in a planned unit development.
The Mortgaged Property is located in an Acceptable State as identified in the Mortgage Loan Schedule and consists of a single parcel of real property with a detached single family residence erected thereon, or a two- to four-family dwelling, or an individual condominium unit in a low-rise condominium project, or an individual unit in a planned unit development or a de minimis planned unit development, provided, however, that no residence or dwelling is a mobile home.
The Mortgaged Property is located in an Acceptable State and consists of a single parcel of real property with a dwelling which is acceptable to the applicable Loan Program Authority pursuant to the applicable Loan Program Authority’s requirements.

More Definitions of Acceptable State

Acceptable State means, for each Approved Originator, any state with respect to which such Approved Originator has been licensed and approved by the applicable Governmental Authority other than the states listed on Schedule 2, as amended, supplemented or otherwise modified from time to time with the prior written consent of Repo Agent.

Acceptable State means any state acceptable pursuant to the Underwriting Guidelines in which Seller is licensed to originate Mortgage Loans.

Acceptable State means any state acceptable pursuant to the Acquisition Guidelines in which Seller is licensed to originate or own Mortgage Loans.

Acceptable State means any state, commonwealth, or federal district acceptable to Buyer in which the Seller is licensed to originate Mortgage Loans.

Acceptable State means any state other than those listed on Schedule 9, as such Schedule may be amended, revised or otherwise modified from time to time in writing by the Buyer, any such revised Schedule shall be provided to Seller no later than ten (10) Business Days prior to its intended effective date.

Acceptable State means any state other than those listed on Schedule 6 as such Schedule may be amended, revised or otherwise modified from time to time by mutual written agreement (which may be via email) between the Buyer and the Seller.

Acceptable State means any state in the United States acceptable to Buyer in which an Approved Originator is licensed or otherwise has obtained all necessary approvals, if required, to originate Mortgage Loans.