Request to Repurchase definition
Examples of Request to Repurchase in a sentence
If the Participant has (a) delivered an improperly documented or Non-Qualifying Mortgage Loan; (b) failed to remain in compliance with any of the representations set forth in this Origination Agreement; or (c) breached any of the warranties or covenants set forth in this Origination Agreement, the Participant shall repurchase such Loan within five (5) days after receipt of a Request to Repurchase from the Servicer.
If the Participant has (a) delivered an improperly documented or Non- Qualifying Mortgage Loan; (b) failed to remain in compliance with any of the representations set forth in this Origination Agreement; or (c) breached any of the warranties or covenants set forth in the applicable Program Guide, the Participant shall repurchase such Loan pursuant to a Request to Repurchase.
If the Participant has (a) del ivered an improperly docu mented or N on-Qualifying M ortgage Loan; ( b) failed to remain in compliance with any of t he representations set f ▇▇▇▇ in this Origination Agreement; or (c) breached any of the warranties or covenants set forth in this Origination A greement, t he P articipant s hall r epurchase such Loan w ithin f ive (5) da ys after receipt of a Request to Repurchase from the Servicer.