Examples of High Cost Mortgage Loan in a sentence
Buyer has in place internal policies and procedures that expressly prohibit its purchase of any High Cost Mortgage Loan.
Administrative Agent has in place internal policies and procedures that expressly prohibit its purchase of any High Cost Mortgage Loan.
No Mortgage Loan (a) is subject to Section 226.32 of Regulation Z or any similar state law (relating to high interest rate credit/lending transactions), or (b) is a High Cost Mortgage Loan.
None of the Mortgage Loans are classified as a High Cost Mortgage Loan.
No Mortgage Loan is a High Cost Mortgage Loan regardless of whether the related Originator or the Seller is exempted from applicable state or local law by virtue of federal preemption, 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.