Consumer Mortgage definition

Consumer Mortgage. A mortgage or other security deed in land and interests in real property, structures, improvements, fixtures and buildings located on or used in connection with real property or rights and interests in real property which secures a Consumer Loan.
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Consumer Mortgage means, with respect to any Consumer Construction ----------------- Loan or Consumer Lot Loan, a mortgage, deed of trust, deed to secure debt, or other form of mortgage instrument that constitutes under the laws of the applicable jurisdiction a Lien on the property to be financed under such loan.
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Examples of Consumer Mortgage in a sentence

  • To enroll in IBC Bank Online you must maintain at least one account with Bank which may be any one of the following types of personal and/or business accounts: Checking, NOW, Money Market, or Savings Account, a CD, or a Personal, Consumer, Mortgage or Commercial Loan.

  • Borrower shall not, and shall not permit any of its Subsidiaries or Affiliates to, enter into any Consumer Contract (including any Consumer Mortgage Loan) which does not comply with the Underwriting Guidelines in all material respects.

  • Has engaged in lending practices that would violate the guidelines issued by ▇▇▇▇▇▇ ▇▇▇ to combat predatory lending (#LL03-00), the Michigan Consumer Mortgage Protection Act, or the laws regarding lending practices of any state in which the property securing a loan is located.

  • ACCESS To enroll in IBC Bank Online you must maintain at least one account with Bank which may be any one of the following types of personal and/or business accounts: Checking, NOW, Money Market, or Savings Account, a CD, or a Personal, Consumer, Mortgage or Commercial Loan.

  • Has engaged in, or will engage in, lending practices that would violate the guidelines issued by ▇▇▇▇▇▇ ▇▇▇ to combat predatory lending (#LL03-00), the Michigan Consumer Mortgage Protection Act, or the laws regarding lending practices of any state in which the property securing a loan is located; in each case with respect to 3.12.1 through 3.12.4 where such violation would be reasonably likely to have a Material Adverse Effect on Acquirer.

  • Has engaged in, or will engage in, lending practices that would violate the guidelines issued by F▇▇▇▇▇ Mae to combat predatory lending (#LLO3-00), the Michigan Consumer Mortgage Protection Act, or the laws regarding lending practices of any state in which the property securing a loan is located, in each case with respect to Sections 4.11.1 through 4.11.4 where such violation would be reasonably likely to have a Material Adverse Effect on Fidelity.

  • Has engaged in, or will engage in, lending practices that would violate the guidelines issued by ▇▇▇▇▇▇ ▇▇▇ to combat predatory lending (#LL03-00), the Michigan Consumer Mortgage Protection Act, or the laws regarding lending practices of any state in which the property securing a loan is located, in each case with respect to Sections 4.11.1 through 4.11.4 where such violation would be reasonably likely to have a Material Adverse Effect on Keystone.

  • During the Term (as hereinafter defined), the Executive shall be the Chairman of the Company's Consumer Mortgage Group, shall have such executive duties as are reasonably determined from time to time by the Company's Chairman and shall be entitled to the powers and authority normally incident to the office of Chairman of the Company's Consumer Mortgage Group.

  • To enroll in OB, you must maintain at least one account with Bank which may be any one of the following types of personal and/or business accounts: Checking, NOW, Money Market, or Savings Account, a CD, or a Personal, Consumer, Mortgage or Commercial Loan.

Related to Consumer Mortgage

  • Consumer lease means a lease that a lessor regularly engaged in the business of leasing or selling makes to a lessee who is an individual and who takes under the lease primarily for a personal, family, or household purpose, if the total payments to be made under the lease contract, excluding payments for options to renew or buy, do not exceed $25,000.00.

  • Consumer loan means a loan made by a financial institution in which:

  • High Cost Home Mortgage Loan as defined in the Massachusetts Predatory Home Loan Practices Act effective November 7, 2004 or (iv) a "High-Cost Home Loan" as defined by the Indiana High Cost Home Loan Law effective January 1, 2005.

  • Post-Consumer Waste means any product generated by a business or consumer which has served its intended end use, and which has been separated or diverted from solid waste for the purpose of recycling into a usable commodity or product, and which does not include post-industrial waste.

  • Blanket Mortgage The mortgage or mortgages encumbering a Cooperative Property.