Services a loan definition

Services a loan or “servicing a loan” means undertaking the direct collection of payments on a loan from the borrower or the right to undertake direct collection of payments on a loan from the borrower.
Sample 1Sample 2Sample 3
Services a loan or “servicing a loan” means undertaking the direct collection of payments on a loan from the borrower or holding the right to undertake direct collection of payments on a loan from the borrower. Undertaking the direct collection of payments means receiving any scheduled periodic payments from a borrower pursuant to the terms of any federally related mortgage loan. Holding the right to undertake direct collection of payments means holding the right to service a loan, including where the holder of this right contracts with or otherwise arranges for another person to service the loan.
Sample 1Sample 2Sample 3

Examples of Services a loan in a sentence

  • Blackpool Transport Services Limited On 23rd May 2016 the Executive agreed to offer Blackpool Transport Services a loan facility of £7,740,000 to fund the purchase of 10 double buses and 25 vehicles between June 2016 and June 2017.

  • Loan repayments are made to Matrix Financial Services, a loan service bureau, which charges a fee of $5.95 per month per loan.

  • Hazell, Senior Vice President, R&D Contract Services, a loan in the principal amount of$250,000 plus interest at 6.74%.

  • As part of DP3, PMV has contributed $2 million to the Corporation of Delta so they could purchase the Seven Seas Property in Ladner for the purposes of expanded public areaand access to the water.3Roger Emsley March 18, 2009 EmailThere appears to be no progress with the Roberts Bank Environment Stewardship Program.The Burrard Inlet Environmental Action Program and Fraser River Estuary Management Program (BIEAP/FREMP) is leading the Roberts and Sturgeon Banks Reach Overview (Integration Action Program).

  • Blackpool Transport Services LimitedOn 23rd May 2016 the Executive agreed to offer Blackpool Transport Services a loan facility of £7,740,000 to fund the purchase of 10 double buses and 25 vehicles between June 2016 and June 2017.

  • If the bid is awarded by City Council this evening, staff anticipates receiving the replacement vehicles in September, 2022.

Related to Services a loan

  • Transition Services Agreement means the transition services agreement substantially in the form attached hereto as Exhibit B.

  • Hosting Services means the provision, administration, and maintenance of servers and related equipment, the provision of bandwidth at the hosting facility, and the operation of the Application for access by Customer Users to be provided by the relevant hosting service provider.

  • Application Services means the hosted applications and related services as described in Exhibit A.

  • Financial Services Provider means any Lender and any other provider of financial services or products;

  • Services Provider means Owl Rock Capital Corporation, or any successor in such capacity in accordance with the Corporate Services Agreement.

  • Master Services Agreement means the master services agreement dated as of the date hereof, among the Service Providers, the Partnership, the Holding LP, the Holding Entities and others;

  • Wireless services provider means a person who provides wireless services.

  • Banking Services Provider means any Lender (other than a Defaulting Lender) or Affiliate of a Lender (other than a Defaulting Lender) that provides Banking Services to any Credit Party.

  • Education Services means education and hostel facilities for students and scholars provided by -

  • ancillary services undertaking means an undertaking the principal activity of which consists in owning or managing property, managing data-processing services, or any other similar activity which is ancillary to the principal activity of one or more credit institutions;

  • Transition Services Agreements means any agreements that receive the prior approval of the Commission between Respondents and an Acquirer to provide, at the option of the Acquirer, Transition Services (or training for an Acquirer to provide services for itself), necessary to transfer the Retail Fuel Assets to the Acquirer and to operate the Retail Fuel Outlet Businesses in a manner consistent with the purposes of this Order.

  • Construction Services Agreement (CSA) means the Construction Services Agreement, together with any duly authorized and executed amendments hereto.

  • Multiphase professional services contract means a contract for the providing of professional

  • Monitoring Services shall have the meaning set forth in Section 2(b) of this Agreement.

  • Maintenance Services means SAP’s then-current maintenance and/or support services offered under and described in detail in the applicable SAP PartnerEdge Model.

  • Beta Services means Xxxxxx services or functionality that may be made available to Customer to try at its option at no additional charge which is clearly designated as beta, pilot, limited release, developer preview, non-production, evaluation, or by a similar description.

  • Termination Assistance Services has the meaning set forth in Section 18.12.

  • Advanced Services refers to high speed, switched, broadband, wireline Telecommunications capability that enables users to originate and receive high-quality, voice, data, graphics or video Telecommunications using any technology.

  • Adult day services means adult day services as defined in section 231D.1.

  • Ancillary Services means those services that are necessary to support the transmission of capacity and energy from resources to loads while maintaining reliable operation of the Transmission Provider’s Transmission System in accordance with Good Utility Practice. Applicable Laws and Regulations:

  • Regulatory Services Provider means the organization which provides regulatory services to BSEF pursuant to a Regulatory Services Agreement.

  • Hospice services means palliative and supportive care and other services provided by an interdisciplinary team under the direction of an identifiable hospice administration to terminally ill hospice patients and their families to meet the physical, nutritional, emotional, social, spiritual, and special needs experienced during the final stages of illness, dying, and bereavement, as defined in Minnesota Statutes, § 144A.75, subd. 8, and includes the set of services as determined by the Medicare program under §1861(dd) of the Social Security Act and defined in 42 CFR § 418.3.

  • Professional Services Agreement means the agreement attached hereto as Exhibit C and all written statements of work signed by Licensee and related thereto.

  • Transitional Services Agreement shall have the meaning ascribed in Section 6.12.

  • Child support services means any civil, criminal or administrative action taken by the Division of

  • Banking Services Agreement means any agreement entered into by the Borrower or any Subsidiary in connection with Banking Services.