Compliance Package definition
Examples of Compliance Package in a sentence
Any additional requirements, implemented by the Owner or State will be outlined in the Project Administrative Requirements and Labor Compliance Package that will be forwarded to you.
The examination and acceptance of a Mortgage File by the Servicer hereunder shall not constitute a waiver of any warranty, representation or covenant by the Mortgage Lender or the Mortgagor with respect to the Mortgage Loan to which the Compliance Package and Mortgage File pertains.
The Mortgage Lender may choose to close and fund the Mortgage Loan prior to receiving the Authority’s approval of the Compliance Package; provided, however, that the Mortgage Loan will not be eligible to be purchased by the Servicer unless and until the Authority has approved the Compliance Package.
The Authority will review the Compliance Package and either approve such Mortgage Loan or communicate any conditions that must be resolved to the Mortgage Lender.
The Mortgage Lender shall pay all costs of preparing and furnishing the Compliance Package and the Mortgage File to the Authority and Servicer.