HOEPA definition

HOEPA. The Home Ownership and Equity Protection Act of 1994.

HOEPA means the Home Ownership Equity Protection Act of 1994, as amended.

HOEPA. The Home Ownership and Equity Protection Act of 1994 and its implementing regulations, including 12 CFR Section 226.32(a)(1)(i) and (ii). Index: With respect to any Adjustable Rate Mortgage Loan, the index identified on the Final Mortgage Loan Schedule and set forth in the related Mortgage Note for the purpose of calculating the interest rate thereon.

Examples of HOEPA in a sentence

• Effective for loans closed on or after March 7, 2003 High Cost Home Loan HOEPA Section 32 Home Ownership and Equity Protection Act of 1994, 15 U.S.C. § 1639, 12 C.F.R. §§ 226.32 and 226.34 Effective October 1, 1995, amendments October 1, 2002 High Cost Loan Illinois High Risk Home Loan Act, Ill.

• HOEPA (Section 32) loan coverage has been expanded to include purchase-money mortgages and open-end credit plans (i.e., home equity lines of credit or HELOCS), as well as the amendment of rate and points and fees threshold testing.

• Federal High-Cost Mortgage (HOEPA - Amended) (12 CFR §1026.32) (I)APR threshold test.

• In the event that such party provides direction to the Servicer, the Servicer shall continue to service such HOEPA Claim Loan pursuant to the Servicing Standard, provided that such direction is not inconsistent with the Servicing Standard.

• With respect to a HOEPA Claim Loan, upon receipt of notice from the Trustee, the Master Servicer or the Mortgagor that the Mortgagor has instituted a claim that the related Mortgage Loan was originated in violation of HOEPA, the Servicer shall, unless otherwise directed by such party, suspend all of its loss mitigation activities with respect to such Mortgage Loan until such time as such claim has been resolved.

More Definitions of HOEPA

HOEPA. The Home Ownership and Equity Protection Act of 1994 and its implementing regulations, including 12 CFR Section 226.32(a)(1)(i) and (ii).

HOEPA means the Home Ownership and Equity Protection Act.

HOEPA. The Home Ownership and Equity Protection Act, as amended. HUD: The Department of Housing and Urban Development, or any federal agency or official thereof which may from time to time succeed to the functions thereof with regard to FHA Mortgage Insurance. The term "HUD," for purposes of this Agreement, is also deemed to include subdivisions thereof such as the FHA and GNMA.

HOEPA means the Home Owner Equity Protection Act, and any amendments thereto, and any regulations or official staff commentary interpreting HOEPA.

HOEPA has the meaning specified in paragraph 15 of Exhibit C-2.

HOEPA. As defined in SECTION 8.02(A).

HOEPA. The Home Ownership and Equity Protection Act of 1994. ----- Holder: A Certificateholder. ------ Indemnified Special Account Loan: Initially, all the Special Account Loans. -------------------------------- Any Special Account Loan for which a monthly payment is not made on or before the Due Date for the next monthly payment (determined without regard to any modification of the Special Account Loan after the Cut-off Date) no more than once during a period of 18 consecutive months during the first 30 Due Periods, beginning with December 2001, shall no longer be an Indemnified Special Account Loan.