Precomputed consumer loan definition

Precomputed consumer loan means a consumer loan that is
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Precomputed consumer loan means a consumer loan that is payable in substantially equal, consecutive monthly installments that are applied to the unpaid balance of the principal and precomputed finance charges combined, subject to provisions for refund or credit in the event of prepayment and for deferral or default charges in the event of deferral or default.
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Related to Precomputed consumer loan

  • Consumer loan means a loan to one or more individuals for household, fam- ily, or other personal expenditures. A consumer loan does not include a home mortgage, small business, or small farm loan. Consumer loans include the following categories of loans:

  • Consumer Loans means Loans to individuals for household, family and other personal expenditures (including United States and/or State-guaranteed student loans and extensions of credit pursuant to a credit card plan or debit card plan).

  • Sevicer Loan Prod Code Rem Term: Occp Code: Appr Value: Note Date: Debt Ratio: City Stat Zip Purpose: Curr Rate: CLTV: Prin Bal: Maturity Date: Lien Pos: 6593808 180 14 $90,000.00 $30,000.00 $387.51 685 0300750825 6 179 1 $104,000.00 11/09/2001 48 Xxxxxxx XX 00000 02 13.400 116 $29,947.49 11/15/2016 2 6593810 180 14 $186,977.50 $40,000.00 $505.84 675 0300750882 6 179 1 $215,000.00 11/12/2001 49 Xxxxxx XX 00000 02 12.990 106 $39,927.16 11/16/2016 2 6593812 180 14 $229,250.00 $48,000.00 $560.74 679 0300750940 6 179 1 $244,000.00 11/08/2001 35 Xxxxxxxx XX 00000 02 11.500 114 $47,899.26 11/14/2016 2 6593814 180 14 $148,500.00 $40,000.00 $487.82 680 0300751088 6 179 1 $165,000.00 11/07/2001 39 Xxxxxxxxxxx XX 00000 02 12.300 115 $39,922.18 11/13/2016 2 6593816 181 14 $110,500.00 $33,000.00 $401.38 684 0300751336 6 179 1 $135,000.00 10/29/2001 32 Xxxxxxxxx XX 00000 02 12.250 107 $32,869.71 11/02/2016 2 6594088 121 14 $83,332.00 $31,900.00 $459.98 736 0300742871 5 119 1 $102,000.00 10/16/2001 34 Xxxxxxx XX 00000 02 12.130 113 $31,762.34 11/01/2011 2 6594150 181 14 $90,072.40 $38,000.00 $443.91 711 0300742889 6 179 1 $125,000.00 10/20/2001 48 Xxxxxxxxxx XX 00000 02 11.500 103 $37,913.26 11/01/2016 2 6595250 241 14 $119,290.00 $20,500.00 $236.53 682 0300743077 9 239 1 $112,000.00 10/03/2001 41 Xxxxxxxx XX 00000 02 12.750 125 $20,417.81 11/01/2021 2 6596148 181 14 $218,004.43 $75,000.00 $851.98 747 0300743218 6 179 1 $273,419.00 10/18/2001 41 Xxx Xxxxx XX 00000 02 10.990 108 $74,786.88 11/01/2016 2 6598456 300 09 $205,245.38 $52,850.00 $517.99 688 0300774585 8 299 1 $223,000.00 11/02/2001 50 Xxxxx Xxxxxxxx XX 00000 02 11.000 116 $52,816.47 11/07/2026 2 6600074 181 04 $106,375.00 $35,000.00 $477.93 674 0300743861 6 179 1 $130,000.00 10/25/2001 48 Xxxxxx Xxxx XX 00000 02 14.500 109 $34,889.31 11/01/2016 2 6600172 181 14 $159,600.00 $35,000.00 $480.90 654 0300747292 6 179 1 $169,000.00 10/25/2001 00 XXXXXX XXXX XX 00000 02 14.630 116 $34,945.66 11/01/2016 2 6600174 300 14 $119,237.00 $65,000.00 $739.22 677 0300752680 8 298 1 $165,000.00 10/04/2001 48 XXXX XXXXXXXX XX 00000 02 13.130 112 $64,971.72 10/18/2026 2 6600176 301 14 $115,158.00 $40,000.00 $473.87 691 0300752557 8 299 1 $129,000.00 10/16/2001 45 XXXXXXX XX 00000 02 13.750 121 $39,978.33 11/01/2026 2 6600178 181 14 $139,600.00 $75,000.00 $829.05 704 0300752508 6 178 1 $174,500.00 09/28/2001 38 XXXXXX XXXXXXX XX 00000 01 10.500 123 $74,652.89 10/24/2016 2 6600180 301 14 $67,343.00 $18,000.00 $249.91 642 0300752482 8 299 1 $70,000.00 10/31/2001 38 XXXXXX XX 00000 02 16.380 122 $17,995.72 11/05/2026 2 6600182 300 14 $86,650.00 $40,850.00 $472.29 699 0300752417 8 298 1 $102,000.00 10/19/2001 45 XXXXXXXXXXXX XX 00000 02 13.380 125 $40,815.85 10/24/2026 2 6600184 300 14 $194,750.00 $35,000.00 $362.18 736 0300752375 8 298 1 $200,000.00 10/18/2001 45 XXXXXXXXXXXX XX 00000 02 11.750 115 $34,960.87 10/24/2026 2 6600186 300 14 $97,850.00 $30,900.00 $369.01 693 0300752318 8 298 1 $103,000.00 10/23/2001 00 XXXXX XXXXX XX 00000 02 13.880 125 $30,888.27 10/29/2026 2 6600188 181 14 $93,572.00 $35,000.00 $469.05 659 0300752243 6 179 1 $115,000.00 10/16/2001 30 XXXXXXXX XX 00000 02 14.130 112 $34,942.93 11/01/2016 2 6600190 120 09 $136,700.00 $65,000.00 $975.32 670 0300750262 5 118 1 $180,000.00 10/22/2001 40 XXXXXXX XX 00000 02 13.130 113 $64,468.35 10/26/2011 2

  • Mortgage Loan Remittance Rate With respect to each Mortgage Loan, the annual rate of interest remitted to the Purchaser, which shall be equal to the Mortgage Interest Rate minus the Servicing Fee Rate.

  • High Cost Loan is each loan identified in the column "Category under applicable anti-predatory lending law" of the table entitled "Standard & Poor's High Cost Loan Categorization" in the Glossary as each such loan is defined in the applicable anti-predatory lending law of the State or jurisdiction specified in such table and (y) a "Covered Loan" is each loan identified in the column "Category under applicable anti-predatory lending law" of the table entitled "Standard & Poor's Covered Loan Categorization" in the Glossary as each such loan is defined in the applicable anti-predatory lending law of the State or jurisdiction specified in such table.

  • Purchased Mortgage Loans means the collective reference to Mortgage Loans sold by Seller to Buyer in a Transaction hereunder, listed on the related Mortgage Loan Schedule attached to the related Transaction Request, which such Mortgage Loans the Custodian has been instructed to hold pursuant to the Custodial Agreement.

  • Non-MERS Eligible Mortgage Loan Any Mortgage Loan other than a MERS Eligible Mortgage Loan.

  • Streamlined Mortgage Loan A Mortgage Loan originated in connection with the refinance of a mortgage loan pursuant to the related Seller’s streamlined documentation program then in effect.

  • Non-Serviced Mortgage Loan means a Mortgage Loan included in the Trust but serviced under another agreement. There are no Non-Serviced Mortgage Loans in the Trust.

  • Subserviced Mortgage Loan Any Mortgage Loan that, at the time of reference thereto, is subject to a Subservicing Agreement.

  • Serviced Mortgage Loan A Mortgage Loan that is not an Outside Serviced Mortgage Loan.

  • MERS Eligible Mortgage Loan Any Mortgage Loan that has been designated by the Servicer as recordable in the name of MERS.

  • Reportable Modified Mortgage Loan Any Mortgage Loan that (i) has been subject to an interest rate reduction, (ii) has been subject to a term extension or (iii) has had amounts owing on such Mortgage Loan capitalized by adding such amount to the Stated Principal Balance of such Mortgage Loan; provided, however, that a Mortgage Loan modified in accordance with clause (i) above for a temporary period shall not be a Reportable Modified Mortgage Loan if such Mortgage Loan has not been delinquent in payments of principal and interest for six months since the date of such modification if that interest rate reduction is not made permanent thereafter.

  • Whole Loan As defined in the Introductory Statement.

  • Specially Serviced Mortgage Loan means the Mortgage Loan during the period it is serviced by the Special Servicer following a Servicing Transfer Event.

  • Eligible Portfolio Investment means any Portfolio Investment held by any Obligor (and solely for purposes of determining the Borrowing Base, Cash and Cash Equivalents held by any Obligor) that, in each case, meets all of the criteria set forth on Schedule 1.01(d) hereto; provided, that no Portfolio Investment, Cash or Cash Equivalent shall constitute an Eligible Portfolio Investment or be included in the Borrowing Base if the Collateral Agent does not at all times maintain a first priority, perfected Lien (subject to no other Liens other than Eligible Liens) on such Portfolio Investment, Cash or Cash Equivalent or if such Portfolio Investment, Cash or Cash Equivalent has not been or does not at all times continue to be Delivered (as defined in the Guarantee and Security Agreement). Without limiting the generality of the foregoing, it is understood and agreed that any Portfolio Investments that have been contributed or sold, purported to be contributed or sold or otherwise transferred to any Financing Subsidiary, or held by any Financing Subsidiary, or which secure obligations of any Financing Subsidiary, shall not be treated as Eligible Portfolio Investments. Notwithstanding the foregoing, nothing herein shall limit the provisions of Section 5.12(b)(i), which provide that, for purposes of this Agreement, all determinations of whether an Investment is to be included as an Eligible Portfolio Investment shall be determined on a settlement-date basis (meaning that any Investment that has been purchased will not be treated as an Eligible Portfolio Investment until such purchase has settled, and any Eligible Portfolio Investment which has been sold will not be excluded as an Eligible Portfolio Investment until such sale has settled); provided that no such Investment shall be included as an Eligible Portfolio Investment to the extent it has not been paid for in full.

  • Corrected Mortgage Loan Any Mortgage Loan that had been a Specially Serviced Mortgage Loan but has ceased to be such in accordance with the definition of "Specially Serviced Mortgage Loan" (other than by reason of a Liquidation Event occurring in respect of such Mortgage Loan or a related Mortgaged Property becoming an REO Property).

  • Eligible Loans has the meaning specified in any of the Purchase Agreements or the Sale Agreement, as applicable.

  • Eligible Loan means a Loan offered for sale or substituted by Seller under a Sale Agreement which as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the related Subsequent Cutoff Date, in the case of any Additional Loan or Substituted Loan, is current or not more past due than permitted under such Sale Agreement in payment of principal or interest and which meets the following criteria as of the Statistical Cutoff Date, in the case of the Initial Loans, or as of the effective date of the related Xxxx of Sale, in the case of any Additional Loan or Substituted Loan:

  • Serviced Loan A Serviced Mortgage Loan or Serviced Companion Loan.

  • Special Serviced Mortgage Loan The Mortgage Loans for which the Special Servicer acts as servicer pursuant to Section 3.19.

  • Eligible Mortgage Loan means a Mortgage Loan:

  • Mortgage Loan Rate means, as of any date of determination, the weighted average of the Note A Rate and the Note B Rate.

  • Performing Serviced Mortgage Loan A Serviced Mortgage Loan that is not, and is not part of, a Specially Serviced Loan or REO Loan.

  • Serviced Companion Loan A Companion Loan that is part of a Serviced Loan Combination. With respect to each Servicing Shift Mortgage Loan and the related Servicing Shift Loan Combination, each related Companion Loan will no longer be a Serviced Companion Loan on and after the related Servicing Shift Date.

  • Non-MERS Mortgage Loan Any Mortgage Loan other than a MERS Mortgage Loan.