USDA Rural Development definition
Examples of USDA Rural Development in a sentence
USDA Rural Development has implemented a wage and benefit matching system.
The original recorded Mortgage and original recorded Assignment of Mortgage Note and Mortgage and the final Title Guaranty Certificate and FHA Mortgage Insurance Certificate or VA Loan Guaranty Certificate or USDA Rural Development Guaranty must be submitted to the Servicer within sixty (60) days from the Purchase Date of the subject Mortgage Loan.
Any flood insurance must meet applicable FHA or VA or USDA Rural Development standards or ▇▇▇▇▇▇ ▇▇▇ standards, as applicable.
All notices to FHA, VA, USDA Rural Development, or the PMI Insurer which are required to be given under applicable FHA, VA, USDA Rural Development, or the PMI Insurer requirements shall be given by the Mortgage Lender prior to Purchase.
The Mortgage Lender is (i) if originating FHA Insured Mortgage Loans, an FHA-approved mortgagee in good standing, (ii) if originating VA Guaranteed Mortgage Loans, an eligible lender in good standing for VA-Guaranteed Mortgage Loans, or (iii) if originating USDA Rural Development Guaranteed Mortgage Loans, an eligible lender in good standing for USDA Rural Development Guaranteed Mortgage Loans.
Official publications of the Union may be distributed on USDA, Rural Development property by Union representatives during the non-duty time of the Union representatives who are distributing, and of the employees receiving the materials; distribution shall not disrupt operations.
During the term that the Mortgage Loan is outstanding, the Servicer shall retain, with respect to such Mortgage Loan, the following documents: (1) Affidavit of Purchaser; (2) Seller’s Affidavit and Certification; (3) Standard Hazard Insurance Policy and, if applicable, Flood Insurance Policy; and (4) evidence of FHA or VA or USDA Rural Development or PMI Insurer approval, as applicable.
The principal amount of the Mortgage Loan will not exceed any applicable loan-to-value limits as established by FHA or VA or USDA Rural Development or the PMI Insurer or GNMA, ▇▇▇▇▇▇▇ Mac or ▇▇▇▇▇▇ Mae, as applicable, or as permitted by the Program Manual.
USDA Rural Development seeks to implement a wage and benefit matching system fairly.
As of the Mortgage Purchase Date, the improvements upon the real property subject to the Mortgage Loan will be covered by a valid Standard Hazard Insurance Policy, Flood Insurance Policy, if applicable, and Multi-peril Policy for Condominiums, if applicable, and as required by FHA or VA or USDA Rural Development regulations or the PMI Insurer and the GNMA Guide, ▇▇▇▇▇▇▇ Mac or ▇▇▇▇▇▇ Mae, as applicable.