Unauthorised Underpayment definition
Unauthorised Underpayment means a Borrower Underpayment in respect of a Mortgage Loan which is not funded by, or exceeds the amount of any, Overpayments previously made by the Borrower in respect of such Mortgage Loan or is otherwise not permitted by the Seller in accordance with the relevant Mortgage Conditions;
Unauthorised Underpayment means an underpayment made by a Borrower