Sentences with phrase «required by lending institution»

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.

However, collision insurance may be required by your lending institution or lessor.

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.

The down payment may be less than what is required by a lending institution.

For financing, Down Payment required by lending institution will be due within 72 hours of deposit in addtion to deposit.

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.