MLHL definition
Examples of MLHL in a sentence
Unallowable Costs will be separately determined and accounted for by MLHL, and MLHL shall not charge such Unallowable Costs directly or indirectly to any contract with the United States.
The United States, including the Department of Justice and/or the affected agencies, reserves its rights to audit, examine, or re-examine MLHL’s books and records and to disagree with any calculations submitted by MLHL or any of its subsidiaries or affiliates regarding any Unallowable Costs included in payments previously sought by MLHL, or the effect of any such Unallowable Costs on the amount of such payments.
Hereafter, MetLife Bank and MLHL are referred to collectively as MLHL.
MLHL shall pay to the United States $123,500,000 (the “Settlement Amount”) by electronic funds transfer pursuant to written instructions to be provided on the Effective Date of this Agreement by the Civil Division of the Department of Justice.
MLHL agrees that the United States, at a minimum, shall be entitled to recoup from MLHL any overpayment plus applicable interest and penalties as a result of the inclusion of such Unallowable Costs on previously-submitted requests for payment.
Within 90 days of the Effective Date of this Agreement, MLHL shall identify and repay by adjustment to future claims for payment or otherwise any Unallowable Costs included in payments previously sought by MLHL or any of its subsidiaries or affiliates from the United States.
MetLife Bank, N.A. (“MetLife Bank”), the predecessor entity to MLHL, was a Direct Endorsement Lender approved by the Federal Housing Administration (“FHA”).
As of August 30, 2013, MetLife Bank merged into MLHL, with MLHL as the surviving entity.
MLHL has its principal place of business in Irving, Texas, and is a wholly-owned subsidiary of MetLife, Inc., a holding company headquartered in New York, New York.
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