For financing, Down Payment
required by lending institution will be due within 72 hours of deposit in addtion to deposit.
The down payment may be less than what is
required by a lending institution.
TitlePLUS can help reduce transaction costs because it can, in some cases, replace the need for an up - to - date survey
required by the lending institution; TitlePLUS coverage can also reduce the number of searches and inquiries the lawyer handling the transaction must undertake, thus streamlining the process and potentially saving the consumer time and money.
However, collision insurance may be
required by your lending institution or lessor.
Although collision insurance is not required by law, if you're buying or leasing a car you'll typically be
required by the lending institution to purchase both collision and comprehensive coverage.
Not exact matches
The Home Mortgage Disclosure Act (HDMA) of 1975 helps to identify discriminatory
lending practices
by requiring lending institutions to report public loan data.
Once you have made the
required payments, your loan (s) may be purchased
by an eligible
lending institution.
The new mortgage
lending rules introduced
by the Office of Superintendent of Financial
Institutions (OSFI)
require home buyers to prove that they can service their uninsured mortgage at the contractual rate plus two percentage points or the five - year benchmark rate published
by the Bank of Canada.
When a buyer approaches a
lending institution they must provide all information that is
required by Fintrac, in order to qualify for a mortgage.