Credit Data definition

Credit Data means granular credit data and credit risk data;

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Credit Data means any positive or negative data relating to a person collected by a data provider in the course of or in connection with the provision of credit, or any data collected by or generated in the database of a CRA in the course of or in connection with the provision of credit reference service;

Credit Data means data of any borrower or loan applicant of Client or BNC Mortgage, Inc., or any of their affiliates, or any of their customers or brokers, provided that such data (i) consists only of raw credit data regarding the creditworthiness of such a borrower or loan applicant provided by third party credit repositories which currently consists of TransUnion Credit Information Services, Equifax Credit Information Services or Experien Information Services that is submitted, transmitted or in any way sent through the Interface and is the later of (I) the later of 31 days old from that date of receipt thereof by TrueLink or that date on which such data is "archived" pursuant to TrueLink's internal operating procedures consistently applied or (II) such date as may be agreed to between Client and ▇▇▇▇▇ ▇▇▇ provided that the parties acknowledge that such parties will discuss a date on which such data is similarly "archived" third party credit repositories as referred in this subparagraph (d) and (ii) is not combined, compared with or against, integrated or presented in any way with any Client Proprietary Information.

Examples of Credit Data in a sentence

• Lessee wishes to lease software identified as 'Loan Professional', including the 'ACH Module', 'Credit Data Processing Module', 'Credit Reports Module', 'Offsite Backup Module', 'Texting Module', and 'Web Inquiry Module' ('Leased Software'), and Lessor desires to lease this software to Lessee.

• For the preparation and submission of Direct Credit Data Files using the Direct Credit System, all Your staff, employees, agents and any other authorised company personnel are required to adhere the following Code of Practice.

• Therefore, the ACH, Credit Data Processing, Credit Report, Offsite Backup, Text Messaging, and Web Inquiry Modules will each be made available (Activated) upon request from the Lessee.

• In addition, the Parties empower the Bank and agree that the Bank may give positive data about them, as such expression is defined in the Credit Data Service Law, 5762-2002 and in accordance with the provisions thereof.

• As Licensee's agent, ▇▇▇▇▇▇ ▇▇▇ shall, and is hereby expressly authorized by Licensee to, obtain Consumer Credit Data for the sole purpose of making a workout recommendation and otherwise performing an SMDU Analysis.

• Notwithstanding the Section of the Master Terms captioned "Independent Parties,” Licensee hereby expressly acknowledges, understands and agrees that, in the processing and evaluation of Consumer Credit Data by the Licensed Application for purposes of making a workout recommendation and otherwise performing an SMDU Analysis, ▇▇▇▇▇▇ ▇▇▇, as owner of the Licensed Application, shall be the agent of Licensee, as that term is defined in the FCRA.

• EXHIBIT D PARTICIPATING BROKER AGENT DESIGNATION PROVISION ------------------------------------------------ In connection with the processing and evaluation of Consumer Credit Data by Licensee for purposes of making an underwriting recommendation or performing a Prequalification Analysis, the Participating Broker expressly appoints Licensee as its agent, as that term is defined in the FCRA.

• Licensee further acknowledges, understands and agrees that any recommendation rendered by the Licensed Software in the evaluation of Consumer Credit Data will not constitute an approval or denial of the Mortgage Loan Application by ▇▇▇▇▇▇ Mae or a commitment to purchase the loan by ▇▇▇▇▇▇ ▇▇▇.

• As Licensee's agent, ▇▇▇▇▇▇ Mae shall, and is hereby expressly authorized by Licensee to, obtain Consumer Credit Data for the sole purpose of performing a Prequalification Analysis and/or making an underwriting recommendation.

• Licensee hereby expressly acknowledges, understands and agrees that, in the processing and evaluation of Consumer Credit Data by the Licensed Software for purposes of making an underwriting recommendation or performing a Prequalification Analysis, ▇▇▇▇▇▇ ▇▇▇, as owner of the Licensed Software, shall be the agent of Licensee, as that term is defined in the FCRA.

More Definitions of Credit Data

Credit Data means the Credit Information and the Demographic Data relating to a Borrower;

Credit Data means facts concerning the Borrower by applying the definition stipulated in the act regarding the undertaking of a credit data business. Moreover, the Borrower irrevocably and unconditionally agrees and consents that the Lender, including the Lender’s parent company, affiliates, subsidiaries and advisors, shall be authorized to send, give, disclose, compile, record, arrange, store and use all information and data relating to the Borrower for the purpose of making credit analysis and to disclose to whom such data or information is required or requested to be disclosed by any court of competent jurisdiction or any governmental, banking, taxation or other regulatory authority or similar body, the rules of any relevant stock exchange or pursuant to any applicable law or regulation.

Credit Data refers to the information transmitted by Merchant combined in a credit draft or the electronic or magnetic tape record that is the equivalent of such a credit draft. All data (“Transaction Records”) transmitted shall be in a media form and format approved in advance by the Bank and shall be presorted and organized according to the Bank’s instructions. It shall include all information which appears on the sales or credit draft. All references in this Agreement to “sales drafts,” “credit drafts,” “sales data,” or “credit data” shall include, as applicable, Transaction Records transmitted electronically or on magnetic tape, or in original format.