Consumer Application definition
Examples of Consumer Application in a sentence
To the best of Contractor’s Knowledge, (a) as of the date of the applicable Consumer Application, the information provided in such Consumer Application is true, correct and complete in all material respects and (b) as of the date of the applicable Milestone, Contractor has no reason to believe the information Contractor provides in connection with such Milestone is or has become incorrect, false, or deficient.
A Consumer Application may be submitted by the applicable Consumer on the Platform or by any other method as mutually agreed by the Lender and Contractor.
If a Consumer Application is classified as Approved or Approved with Stipulations, (a) Lender shall provide the Consumer with a Consumer Credit Offer and any related documents or disclosures and (b) if the Consumer Application was classified as Approved with Stipulations, Lender shall request any additional information from the Consumer or the Contractor required for funding.
If a Consumer Credit Offer has expired, Contractor may terminate the original Consumer Credit Offer via the Platform and restart the Consumer Application process.
If a Consumer Application is classified as Pending, Lender shall request any additional information from the Consumer or the Contractor and determine the status of such Consumer Application after Lender’s receipt of such additional information.
Lender shall, upon confirming that each Consumer Application is complete, review and respond via the Platform.
Contractor shall (a) promptly inform ▇▇▇▇▇▇ upon receiving any notice of, or having any Knowledge of, any incorrect, false, or deceptive information contained in any Consumer Application, Loan Agreement, Home Improvement Contract or System Specification, including any subsequent events that cause such documents or information to be incorrect, false, or deficient and (b) take the steps necessary to correct or clarify such information as requested by ▇▇▇▇▇▇.