Closed Loan definition

Closed Loan means a Mortgage Loan that was owned by a PFI prior to the sale of the Mortgage Loan to a FHLB under the MPF Program.

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Closed Loan means a Mortgage Loan that will be purchased by the Company from a third party originator with the Advance requested against it.

Closed Loan means any loan covered by the Redress Program that is not an Open Loan or a Sold Loan. Whether a loan is a Closed Loan for redress purposes shall be determined by the Redress Program Administrator at the time that redress is to be distributed to Class Members, from updated loan data provided pursuant to Section XII below.

Examples of Closed Loan in a sentence

Closed Loan Document Delivery Plaza’s designated warehouse bank must receive the complete and original collateral package with a copy to Plaza prior to disbursement of loan purchase funds by Plaza.
Upon purchase of each Closed Loan by the Boston Bank and the deposit by the MPF Provider of its Participation Share of such Closed Loan to the Boston Bank’s Clearing Account, the MPF Provider shall, without the need for further documentation, become vested in its Participation Share of such Closed Loan.
LION shall not be entitled to collect LION's Revenue Share in any month for which IMX collects less than *** in Net Closed Loan Revenue.
For example, if IMX collects *** in Net Closed Loan Revenue in one month, then LION's Revenue Share shall be based upon an IMX Revenue Baseline of *** rather than *** for that month, and LION's Revenue Share would be based upon all Net Closed Loan Revenue between *** and ***.
If Provider does not return the unused portion of the Disbursement within 30 days of receipt of the return request, Provider will not be entitled to a return of any portion of Practice Fees applicable to such Closed Loan.

More Definitions of Closed Loan

Closed Loan means a consumer-purpose, closed-end residential mortgage loan (a) that is closed and funded in accordance with Applicable Requirements, in the period in which the Commission is calculated; and (b) that is not unfunded, cancelled or rescinded for any reason within five (5) days after settlement.

Closed Loan means a Mortgage Loan closed prior to the Closing Date.

Closed Loan means any loan that Mosaic has funded as evidenced by making an initial payment to Dealer minus any applicable Seller’s Points and any Additional Disbursements in accordance with the payment terms of Section 6 and Exhibit D.

Closed Loan means a Covered Loan that has been funded by Creditor and recorded within the current month. Loans will be considered closed as of the recordation date.

Closed Loan means any Loan that a Funding Provider has funded as evidenced by making an initial payment to Participant and/or on behalf of Participant to any equipment manufacturer, distributor or other specified designee(s).

Closed Loan means a loan that is originated by the Division and underwritten and funded by Ameris.

Closed Loan means the acquisition by a Consumer of automobile financing based through the Co-Branded Service by means of a completed Financing Submission.