Credit Policies means the policies and procedures of the Company and its Affiliates relating to the extension of credit with respect to the Mortgage Loans, in effect at the time each Mortgage Loan was originated or acquired.
Credit Policies means the credit policies and practices, credit models and underwriting guidelines (including, without limitation, the Originator’s methodology with respect to assigning Opportunity Financial Scores, maximum allowable payment-to-income ratios, minimum allowable [***] or minimum allowable [***], minimum allowable [***], minimum allowable [***], renewal policies and procedures and exception policies) (i) of the Originator in effect as of the date hereof and attached hereto as Appendix I-I (with respect to Company Receivables originated by the Company or its Affiliates), (ii) in effect as of the date hereof and attached hereto as Appendix I-II (with respect to Company Receivables originated by the FinWise Originator) and (iii) as approved in writing by the Administrative Agent (with respect to Company Receivables originated by any Additional Bank Partner Originator), in each case, as such guidelines may be amended from time to time in accordance herewith.
Credit Policies means the Bank's Credit Policy Manual, policy statements, or operating circulars relating to Advances and Other Credit Products offered by the Bank, all as in effect from time to time.
Examples of Credit Policies in a sentence
In addition to being familiar with the federal programmatic requirements of the Code, Applicants should review the Bond Compliance Procedures Manual and the Tax Credit Compliance Procedures Manual as part of a due diligence process.The Commission reserves the right to change the policies at any time.The Bond/Tax Credit Policies guide the allocation of Private Activity Bond Volume Cap (“Bond Cap”) and the 4% Low-Income Housing Credit (“4% Credit”) to eligible projects.
Accounts Receivable and Credit Policies Accounts receivable are stated at the amount billed to the consumer.
RMCB approves the Bank’s Credit Policies, prudential exposure limits, credit assessment and approval system and procedure, margin and collateral management, credit documentation, credit pricing framework, credit administration and monitoring system, non-performing assets management policy, credit risk management system and exception management.
Describe additional requirements for transfer admission, if applicable: Transfer Credit Policies D12.
This approach comprises credit limits which are established for all customers after a careful assessment of their credit worthiness.Standing procedures, outlined in the Bank’s Credit Policies and Manuals, require that all credit proposals be subjected to detailed screening pending submission to the appropriate credit committee.
More Definitions of Credit Policies
Credit Policies means the Bank's Credit Policy Manual, policy statements, or operating circulars relating to Advances and Other Credit Products offered by the Bank, all as in effect from time to time. "Eligible Collateral" means Collateral other than Capital Stock which: (I) meets the definition of Eligible Collateral under the Bank's Collateral Policy, including without limitation one-to-four family whole mortgage loans, government and agency securities, private mortgage-backed securities, arid Bank Deposits; (II) is owned by the Member free and clear of any liens, encumbrances or other interests other than the assignment to the Bank hereunder; (III) has not been in default within the most recent 12-month period provided that in the case of Mortgage Collateral, mortgage payments that are overdue by more than sixty (60) days shall not be included within Eligible Collateral; (IV) in the case of Mortgage Collateral, relates to residential real property which is covered by fire, hazard, and where applicable, flood insurance in an amount at least sufficient to discharge the mortgage loan in full in case of loss and as to which all real estate taxes are current; and (V) in the case of Mortgage Collateral, does not secure an indebtedness on which any director, officer, employee, attorney or agent of the Member or of any Federal Home Loan Bank is personally liable. The Bank may change the definition of Eligible Collateral from time to time, and the Bank's determination of Eligible Collateral shall be conclusive. "Indebtedness" means all obligations, liabilities or indebtedness of the Member to the Bank, due or to become due, direct or indirect, absolute or contingent, joint or several, now existing or hereafter at any time created, arising or incurred under this Advances Agreement, or any Advice of Credit, Application for Advance, Other, Credit Product Agreements, Advances, Other Credit Products, Bank Deposits, including any overdrafts or other charges in connection therewith. Indebtedness also means any obligations for any other services (including without limitation, safekeeping, operating and other correspondence services) provided by the Bank, including any applications, commitments, other agreements or documents relating to the foregoing, any amendments to any of the foregoing agreements or documents and any obligations under indemnification provisions in any such agreements or documents, and any renewal, extension or substitution of any such obligations, liabilities and in...
Credit Policies means the credit policies and practices, credit models and underwriting guidelines (including, without limitation, the Originator’s methodology with respect to assigning Opportunity Financial Scores, maximum allowable payment-to-income ratios, minimum allowable [***] or minimum allowable [***], minimum allowable [***], minimum allowable Opportunity Financial Scores, renewal policies and procedures and exception policies) (i) of the Originator in effect as of the date hereof and attached hereto as Appendix I-I (with respect to Company Receivables originated by the Company or its Affiliates), (ii) in effect as of the date hereof and attached hereto as Appendix I-II (with respect to Company Receivables originated by the FinWise Originator) and (iii) as approved in writing by the Administrative Agent (with respect to Company Receivables originated by any Additional Bank Partner Originator), in each case, as such guidelines may be amended from time to time in accordance herewith.
Credit Policies means the credit policies and practices, credit models and underwriting guidelines (including, without limitation, the Originator’s methodology with respect to assigning Opportunity Financial Scores, maximum allowable payment-to-income ratios, minimum allowable [***], minimum allowable [***], minimum allowable Opportunity Financial Scores, renewal policies and procedures and exception policies) (i) of the Originator in effect as of the date hereof and attached hereto as Appendix I-I (with respect to Company Receivables originated by the Company or its Affiliates), (ii) in effect as of the date hereof and attached hereto as Appendix I-II (with respect to Company Receivables originated by the FinWise Originator) and (iii) as approved in writing by the Administrative Agent (with respect to Company Receivables originated by any Additional Bank Partner Originator), in each case, as such guidelines may be amended from time to time in accordance herewith.
Credit Policies means the credit criteria and policies regarding Receivables of Originator, as set forth on Exhibit H, as such exhibit may be updated from time to time pursuant to the terms of this Agreement.
Credit Policies means an Originator's credit and collection policies and practices relating to Contracts and Receivables existing on the date hereof, a copy of which is attached hereto as in Exhibit VI hereto, as modified from time to time in accordance with this Agreement, provided that each Originator may have Credit Policies with certain immaterial variations from the credit and collection policies attached hereto in Exhibit VI.
Credit Policies means the credit policies and practices, credit models and underwriting guidelines (including, without limitation, the Originator’s methodology with respect to assigning Opportunity Financial Scores, maximum allowable payment-to-income ratios, with respect to Company Receivables originated prior to December 1, 2019, minimum allowable [***] or, with respect to Company Receivables originated on or after December 1, 2019, minimum allowable [***], minimum allowable [***], minimum allowable Opportunity Financial Scores, renewal policies and procedures and exception policies) (i) of the Originator in effect as of the date hereof and attached hereto as Appendix I-I (with respect to Company Receivables originated by the Company or its Affiliates), (ii) in effect as of the date hereof and attached hereto as Appendix I-II (with respect to Company Receivables originated by the FinWise Originator), (iii) to be attached hereto as Appendix I-III (with respect to Company Receivables originated by the FEB Originator) and (iv) as approved in writing by the Administrative Agent (with respect to Company Receivables originated by any Additional Bank Partner Originator), in each case, as such guidelines may be amended from time to time in accordance herewith.
Credit Policies has the meaning assigned to that term in Section 7.10.