Closing Package definition

Closing Package means, collectively, the agreements, instruments, certificates, reports and documents set forth in Schedule A to this Agreement, to the extent they are required to be delivered and/or completed on or prior to the Initial Premium Funding Date.

Closing Package means the group of documents and other information or materials as defined in the Guide, which must be delivered to Mid America under the terms set forth herein, including but not limited to, a completed application, a completed HUD-1 form, an original appraisal, the original mortgage, the original note, and evidence of compliance with all closing conditions. Commitment means the electronic correspondence issued by Mid America which indicates Mid America agrees to purchase or close a specific Mortgage Loan if all conditions stated in the Commitment, this Agreement, the Guide, and Agency guidelines are met. Customer means a mortgage broker, mortgage banker and or State/Federal financial institution that engages in the business of soliciting, processing, placing or negotiating mortgage loans to fund or table fund, transfer or assign.

Closing Package shall consist of (a) an application and certificate for payment (AIA from G702-1992 or equivalent) signed by the Architect, (b) a breakdown sheet (AIA from 3703-1992 or equivalent), (c) original stamped building permit plans, (d) copy of the building permit, (e) original stamped building permit inspection card with all final sign-offs, (f) a reproducible copy (in a form as reasonably approved by Landlord) of the "as built" drawings of the Tenant Improvements, (g) air balance reports, (h) a one (1) year warranty letter from the "Contractor," as that term is defined in Section 4.1.1, below, and (i) manufacturers' warranties and operating instructions.

Examples of Closing Package in a sentence

• When IHCDA determines that the closing package is complete and in compliance with Program requirements, IHCDA will change the status to reflect Closing Package Review “Approved” in IHCDA Online.

• The title company is responsible for uploading the executed DPA Closing Package directly to ADOH / SOHAZ according to Escrow Instruction provided by ADOH by 4PM two days prior to the desired disbursement date of the transaction; in order to receive DPA funds and a Funding Authorization.

• It is the lenders responsibility to generate the P2P DPA Closing Package and forward to the Closing Agent / Title Company.

• The summary of uncorrected misstatements will contain uncorrected misstatements identified in the audited general-purpose financial statement summary and any additional uncorrected misstatements identified in the Closing Package.

• An Arizona Department of Housing / Save Our Home AZ (ADOH / SOHAZ ) representative will send Escrow Instructions directly to the Title Company detailing information related to the return of the executed DPA Closing Package directly to ADOH / SOHAZ.

• Wiring instructions for the return of funds are as follows: The DPA Closing Package only needs to be reproduced with a revised date if the transaction does not sign in the month the documents are dates.

• Closing Package ReviewUpon receipt of a complete closing package, the RAD Closing Coordinator and HUD Field Counsel will review, provide comments, and work with you to finalize all required documents in order to close.

• Agencies should determine what the General Fund activity represents and should reclassify it to the appropriate Closing Package Financial Statement line.

• If IHCDA needs additional information or if the closing package is incomplete, the closing package will be considered “pended” and the status will show Closing Package Review “Incomplete” in IHSF.

• The Closing Package consists of originally signed copies (originals) of the documents listed in Appendix F.

More Definitions of Closing Package

Closing Package shall have the same meaning as defined in the Manual.

Closing Package shall consist of (a) an application and certificate for payment (AIA from G702-1992 or equivalent) signed by the Architect, (b) a breakdown sheet (AIA from 3703-1992 or equivalent), (c) original stamped building permit plans, (d) copy of the building permit, (e) original stamped building permit inspection card with all final sign-offs, (f) a reproducible copy (in a form as reasonably approved by Landlord) of the “as built” drawings of the Tenant Improvements, (g) air balance reports, (h) a one (1) year warranty letter from the Contractor, from the date of Substantial Completion and (i) a copy of any manufacturers’ warranties and operating instructions.

Closing Package means that group of documents and other information or materials that must be delivered to Huntington under the terms and as identified in the Correspondent Manual before Huntington will pay the Purchase Price for a Mortgage Loan.