Sentences with phrase «loan provision generally»

Not exact matches

More specifically, the qualified mortgage provision generally requires that lenders make a reasonable and good faith determination that a borrower has the ability to repay a mortgage loan.

Loan loss provisions were generally higher than expected, and future outlook was also negative.

Comments: Commenters generally expressed support for adding a provision to require loan counseling for PLUS loan applicants who are determined to have an adverse credit history, but who qualify for a PLUS loan by demonstrating that extenuating circumstances exist.

A loan contract, on the other hand, usually states the lender's right to recourse — such as foreclosure — in the event of default by the borrower; such provisions are generally absent in a promissory note.

Most mortgages and loan documents include a prevailing party attorney's fee provision, generally specifying only that the lender can recover its fees.

Government libraries generally are retreating from the provision of access to their collections as a standard service to the public and libraries, for example consider Library and Archives Canada's cancelation of their interlibrary loan program.

Policyowners generally may ask to set premiums to zero without the policy lapsing (or without invoking the automatic policy loan provision), although this virtually always requires notice to the insurer.

The automatic premium loan generally is a «no charge» provision that policyowners should look for to avoid unintentional lapses.

Finally, loan provisions of deferred annuity contracts are generally more restrictive than those of life insurance policies.

Generally, deeds of trust contain power of sale provisions, which is how the loan is sped up and foreclosed upon outside of court.

A settlement service generally includes any service provided in connection with a real estate settlement including, but not limited to: title searches, title examinations, the provision of title certificates, title insurance, services rendered by an attorney, the preparation of documents, property surveys, the rendering of credit reports or appraisals, pest and fungus inspections, home warranty companies, services rendered by a real estate professional, the origination of a federally related mortgage loan, and the handling of the processing and closing or settlement.

However, the CFPB's loan originator rule generally only prohibits compensation to loan originators that is based on loan terms or on proxies for loan terms (among its other provisions, like prohibiting compensation from dual sources).

As discussed in the section - by - section analysis of § 1026.19 above, the Dodd - Frank Act generally directs the Bureau to establish an integrated disclosure for «mortgage loan transactions» that are «subject to both or either provisions of» RESPA sections 4 and 5 and TILA.