Lending Standards definition

Lending Standards means the mortgage loan origination standards established and applied by Seller regarding the eligibility of mortgage loans for origination and purchase by Seller, including exceptions to the ordinarily applicable standards if such exceptions were properly approved by persons with authority to do so under such standards, as they may be amended or supplemented from time to time.
Sample 1
Lending Standards means the MCG Finance Corporation Lending Standards dated as of June 24, 1998, as revised from time to time in accordance with subsection 3.15.
Sample 1

Examples of Lending Standards in a sentence

  • See "Lending Standards and Policies" for a more detailed discussion of the types of loans the Company will make, acquire, and/or purchase and “Property Acquisition Guidelines and Policies” the types of properties it may acquire.The proceeds from this Offering will not be used to compensate or otherwise make payments to officers, directors or shareholders of the Company.

  • See "Lending Standards and Policies" for a more detailed discussion of the types of loans the Company will make, acquire, and/or purchase and “Property Acquisition Guidelines and Policies” the types of properties it may acquire.

  • Each Mortgage Loan File shall contain each item ------------------ required to be included therein as required by the Lending Standards.

  • The Borrower shall not amend the Servicing and ----------------------- Management Agreement, The Credit Policy, the Custodial Agreement or the Lending Standards without the prior written consent of Requisite Lenders.

  • The proceeds of the Mortgage Loan have been fully disbursed and there is no requirement for future advances thereunder and the improvements on the Mortgaged Property have been fully completed, except that any minor improvements or repairs that do not affect livability may be incomplete in the case where an escrow account has been established in accordance with the Lending Standards in an amount sufficient to guarantee completion of the repairs or improvements.

  • Consistent Lending Standards Fundamental goals continue to include measured growth, broad diversification, and high-quality performance.

  • Sellers are just taking properties off the market and waiting to see if stay-at-home is lifted.” Tighter Lending Standards Will Hit First-Time and Lower-Income Buyers Hardest Rates for 30-year fixed rate mortgages have continued to hover just under 3.5% for the past seven days, near all-time lows.

  • Please clarify whether your Manager plans to give Arnold Program participants preferential treatment when considering them for loans, and if so, please include risk factor disclosure in which you discuss the risks that this business model poses for investors.Response to Comment No. 6As stated more fully in page 24, Section 9 under Lending Standards and Guidelines, the Manager provides certain benefits to the Arnold Program participants when lending to these participants.

  • PwC ref Original balance LTI 187 328,845 312,500 Management Response The loan was originated shortly after the LTI cap in YBS’s Lending Standards was changed.

Related to Lending Standards

  • Operating Standards shall have the meaning given such term in Section 2.1.

  • auditing standards means auditing standards as defined in National Instrument 52-107 Acceptable Accounting Principles and Auditing Standards;

  • Servicing Standards As defined in Section 3.01(a).

  • Accounting Standards means the standards of accounting or any addendum thereto for companies or class of companies referred to in section 133;

  • Applicable Accounting Standards means Generally Accepted Accounting Principles in the United States, International Financial Reporting Standards or such other accounting principles or standards as may apply to the Company’s financial statements under United States federal securities laws from time to time.

  • Underwriting Standards As to each Mortgage Loan, the Seller's underwriting guidelines in effect as of the date of origination of such Mortgage Loan.

  • Australian Accounting Standards refers to the standards of that name, as amended from time to time, that are maintained by the Australian Accounting Standards Board referred to in section 227 of the Australian Securities and Investments Commission Act 2001 (Cth);

  • Accounting Standard means GAAP.

  • International Accounting Standards means International Accounting Standards (IAS), International Financial Reporting Standards (IFRS) and related Interpretations (SIC-IFRIC interpretations), subsequent amendments to those standards and related interpretations, and future standards and related interpretations issued or adopted by the International Accounting Standards Board (IASB);

  • Standards means: a) any standards published by BSI British Standards, the National Standards Body of the United Kingdom, the International Organisation for Standardisation or other reputable or equivalent bodies (and their successor bodies) that a skilled and experienced operator in the same type of industry or business sector as the Supplier would reasonably and ordinarily be expected to comply with; b) any standards detailed in the specification in Framework Schedule 2 (Goods and/or Services and Key Performance Indicators); c) any standards detailed by the Contracting Body in the Call Off Agreement following a Further Competition Procedure or agreed between the Parties from time to time; d) any relevant Government codes of practice and guidance applicable from time to time.

  • Common Reporting Standard means the standard for automatic exchange of financial account information in tax matters (which includes the Commentaries), developed by the OECD, with G20 countries;

  • Reliability Standards means the criteria, standards, rules and requirements relating to reliability established by a Standards Authority.

  • International Financial Reporting Standards means the accounting standards and interpretations adopted by the International Accounting Standards Board.

  • Generally accepted auditing standards means Canadian Generally Accepted Auditing Standards as adopted by the Canadian Institute of Chartered Accountants applicable as of the date on which such record is kept or required to be kept in accordance with such standards.

  • Security Standards means the final rule implementing HIPAA’s Security Standards for the Protection of Electronic PHI, as amended.

  • NERC Reliability Standards means the most recent version of those reliability standards applicable to the Generating Facility, or to the Generator Owner or the Generator Operator with respect to the Generating Facility, that are adopted by the NERC and approved by the applicable regulatory authorities, which are available at xxxx://xxx.xxxx.xxx/files/Reliability_Standards_Complete_Set.pdf, or any successor thereto.

  • Building Standard means the type, grade, brand, quality and/or quantity of materials Landlord designates from time to time to be the minimum quality and/or quantity to be used in the Building.