Loan Insurer definition

Loan Insurer means, in respect of any Loan, the insurer under the Loan Insurance Policy, which may be CMHC or another loan insurer;
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Loan Insurer means Ambac Assurance Corporation, a Wisconsin-domiciled stock insurance company, in its capacity as the issuer of the Insurance Policies.
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Loan Insurer means, in respect of the Loan, the insurer under the Loan Insurance Policy, which may be CMHC, Sagen, Canada Guaranty Mortgage Insurance Company, or another loan insurer.
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Examples of Loan Insurer in a sentence

  • The Bank, a Loan Insurer or the Program Administrator, as the case may be, and their respective agents, in its sole discretion and at any reasonable time or times, may enter upon and inspect the Lands, and the cost of any such inspections shall be payable by the Borrower to the Bank immediately.

  • If the Bank, a Loan Insurer or the Program Administrator, as the case may be, does conduct an inspection, it will not be considered to be a chargee or mortgagee in possession, or in possession or control of, or managing, the Lands.

  • The Borrower will not make or permit to be made any alterations, improvements, additions, replacements or demolition (collectively, “Alterations”) to the Lands without the prior written approval of the Bank, a Loan Insurer or the Program Administrator, as the case may be, which approval may be withheld, or subject to such conditions as the Bank, a Loan Insurer or the Program Administrator, as the case may be, may impose, in the sole discretion of each.

  • The Borrower shall not use the Lands for business or industrial purposes unless contained within the limits as set out by the Loan Insurer.

  • In the case of Indigenous Lands, in accordance with the first insured mortgage, the security for the Incentive may be a ministerial loan guarantee (MLG) or a leasehold mortgage permitted in accordance with the Indian Act, First Nation Land Management Act, Land Code or other First Nation legislation and the requirements of the respective Mortgage Loan Insurer.

  • If the Lands are an income producing property, the Bank may refuse to make a disbursement if such disbursement is not authorized by the Loan Insurer and the Bank shall retain at all times an amount sufficient to allow the work to be completed in accordance with the drawings and specifications it has approved and ensure compliance with the Loan Insurer’s conditions pertaining to compliance with the rental income objectives.

  • In accordance with standard mortgage loan insurance requirements, Lenders are required to retain on file verification of completion of home improvements or notify the respective Mortgage Loan Insurer where improvements will no longer be carried out.

  • Performance, workmanship, and material shall comply with governing codes, state statutes, city ordinances, and regulations of regulatory bodies having jurisdiction.

  • The exercise of any of the above-mentioned rights by any of the Bank, a Loan Insurer or Program Administrator or any of their respective agents shall not mean that the Bank, the Loan Insurer or Program Administrator or any of their respective agents are in possession of, manage, control or are liable for the Lands or are a chargee or mortgagee in possession of the Lands.

  • The Borrower may manage the Lands provided that such management by the Borrower is sound, reasonable and prudent and is similar to that provided by businesses specializing in such matters, as determined by the Bank and the Loan Insurer or Program Administrator.


More Definitions of Loan Insurer

Loan Insurer means an agency, department, administration or instrumentality, corporate or otherwise, of or in the Department of Housing and Urban Development, the Farmers Home Administration of the Department of Agriculture or the Veterans Administration of the United States of America, any private mortgage insurance company, or any other public or private agency which insures or guarantees loans; and
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Related to Loan Insurer

  • Alien insurer means an insurer domiciled outside the United States.

  • Mortgage Insurer means CMHC, Genworth Financial Insurance Company Canada, or any other company that insures the payment of mortgages to mortgage lenders.

  • Primary Mortgage Insurance Insurance obtained from a Primary Mortgage Insurer which insures the holder of a Mortgage Note against loss in the event the related Borrower defaults under such Mortgage Note or the related Security Instrument, including all riders and endorsements thereto.

  • Underlying insurance means the DESIGNATED UNDERLYING POLICY and all insurances affording professional liability insurance coverage to any INSURED hereunder which are considered to be primary to this insurance, including without limitation, any such mandatory insurance coverage afforded any INSURED by any law society or other program, and any such non-mandatory insurances purchased as coverage or primary to (beneath) this POLICY coverage, but in no case shall include any insurance specifically acquired and stated to be in excess of this POLICY. Signed on behalf of Lawyers’ Professional Indemnity CompanyDaniel E. PinningtonDaniel E. PinningtonPresident and Chief Executive Officer Endorsement No . 1pollutIon exClusIonThis POLICY, subject to all its terms and conditions not in conflict with this endorsement, and further to Part III Exclusion (g), shall include the following:This insurance does not apply to:(a) damage arising out of the actual, alleged or threatened discharge, seepage, dispersal, release or escape of pollutants:

  • R&W Insurer means AIG Specialty Insurance Company.

  • Insurer means a person who insures or guarantees for the benefit of the mortgagee all or any portion of the risk of loss upon borrower default on any of the mortgage loans originated, purchased or serviced by the Company or any of its Subsidiaries, including the Federal Housing Administration, the United States Department of Veterans’ Affairs, the Rural Housing Service of the U.S. Department of Agriculture and any private mortgage insurer, and providers of hazard, title or other insurance with respect to such mortgage loans or the related collateral.

  • Excess Insurance means insurance purchased from an insurance company authorized or admitted in the State of New Jersey or deemed eligible by the Commissioner as a surplus lines insurer or from any other entity authorized to provide said coverage in this state pursuant to law, covering losses in excess of an amount set forth in insurance contracts on a specific occurrence, or per accident or annual aggregate basis.

  • Primary Mortgage Insurance Policy Any primary mortgage guaranty insurance policy issued in connection with a Mortgage Loan which provides compensation to a Mortgage Note holder in the event of default by the obligor under such Mortgage Note or the related Security Instrument, if any or any replacement policy therefor through the related Interest Accrual Period for such Class relating to a Distribution Date.

  • Approved Insurer Each insurance policy shall be issued by insurance companies authorized to do business in the State of Nevada or eligible surplus lines insurers under federal and Nevada law and having agents in Nevada upon whom service of process may be made, and currently rated by A.M. Best as “A-VII” or better.

  • Existing insurer means the insurance company whose policy or contract is or will be changed or affected in a manner described within the definition of “replacement.”

  • Mortgage Insurance means insurance protecting Lender against the nonpayment of, or default on, the Loan.

  • Other Insurance means insurance available to any covered person that covers a loss to which this policy applies, other than either primary insurance or insurance specifically purchased by you to be excess of the insurance afforded by this policy.

  • Bond Insurer means any insurance company which issues a municipal bond insurance policy insuring the payment of principal of and interest on the Refunding Bonds.

  • insurance agent means, subject to subsection (2), any person who for any compensation and through any medium does one or more of the following:

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Surplus lines insurer means a non-admitted insurer with which insurance coverage may be placed under this chapter.

  • Certificate Insurance Policy The Certificate Guaranty Insurance Policy No. AB1094BE, dated the Closing Date, including any endorsements thereto issued by the Certificate Insurer to the Trustee for the benefit of the Holders of the Insured Certificates, a form of which is attached as Exhibit L hereto.

  • Sum Insured means the sum as specified in the Schedule to this Policy against the name of Insured / each Insured Person, which sum represents the Company's maximum liability for any or all claims under this Policy during the Policy period for the respective benefit(s) against which the sum is mentioned in the Schedule to this Policy.

  • Authorized insurer means, in the case of an interstate motor carrier whose operations may or may

  • Bond Insurance Policy means the financial guaranty insurance policy issued by the Bond Insurer insuring the payment when due of the principal of and interest on the Bonds as provided therein.

  • Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract.

  • Special Primary Insurance Policy Any Primary Insurance Policy covering a Mortgage Loan the premium of which is payable by the Trustee pursuant to Section 4.04(a), if so identified in the Mortgage Loan Schedule. There are no Special Primary Insurance Policies with respect to any of the Mortgage Loans.

  • Insurance premium finance company means a person engaged in the business of

  • Special Primary Insurance Premium With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time.

  • Force-Placed Insurance shall have the meaning set forth in Section 4.4.

  • Title insurance agent means an agent licensed in this Commonwealth to solicit, negotiate, procure,