high cost, definition

high cost, or "covered" loans or (2) any other similar designation if the law imposes greater restrictions or additional legal liability for residential mortgage loans with high interest rates, points and/or fees.
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high cost, high risk home" or "predatory" loan under any other applicable state, federal or local law (or a similarly classified loan using different terminology under a law imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees).
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high cost, as such term is defined in HOEPA or (ii) a reasonably equivalent provision as defined by the applicable predatory and abusive lending laws.
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Examples of high cost, in a sentence

  • High Cost Area DesignationNewly constructed buildings located outside of designated Difficult to Develop Areas or Qualified Census Tracts qualify as a high cost area.

  • All High Cost Expenditures (airfare, lodging, vehicle rentals, and registration) must be placed on the LaCarte Purchasing Card, Travel Card or agency CBA programs unless prior approval is granted from the Commissioner of Administration.

  • The High Cost Program ensures that rates for broadband and voice services are reasonably comparable in every region of the U.S. Like all USF programs, the administration of the High Cost Program has undergone significant modernization in the last several years to increase innovation and ensure beneficiaries have access to updated technology.

  • The payments are reflected in the issuer’s 2018 EDGE High Cost Risk Pool Detailed Enrollee (HCRPDE) Report.

  • High Cost ProgramThe High Cost Program is dedicated to preserving and advancing voice and broadband service, both fixed and mobile, in rural areas of the United States.


More Definitions of high cost,

high cost, as such term is defined in the Home Ownership Protection Act of 1994 ("HOEPA") or (ii) a reasonably equivalent provision as defined by the applicable predatory and abusive lending laws.
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high cost, threshold," "covered" or "predatory" loans under any applicable state, federal or local law.
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high cost, threshold," "covered" or "predatory" or similar loans under any other applicable state, federal or local law (or a similarly classified loan using different terminology under a law imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees); provided that any Mortgage Loan secured by a Mortgaged Property in Illinois characterized as a "threshold" loan shall not be a "high cost" loan unless it is characterized as "predatory" under applicable local law; and the Company has implemented and conducted compliance procedures to determine if each Mortgage Loan is "high-cost" home loan under the applicable laws and performed a review of the disclosure provided to the related Mortgagor in accordance with such laws and the related Mortgage Note in order to determine that such Mortgage Loan, if subject to any such law, does not violate any such law;
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high cost, or "high risk home" loan under any other applicable state, federal or local law;
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high cost, means counties where the disparity between AMI and median sales prices for a single family home are more than the disparity between the state of Florida’s AMI and median sales price for a single family home.
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high cost, means a Mortgage Loan Mortgage Loan categorized as High Cost pursuant to Appendix E of the Standard & Poor's Glossary.
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high cost, as used here means costing $40,000 or more; the “lowest-cost’ CT pairs are those costing less than $1,000.
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