Section 6.08 Project. Except as permitted herein, Borrower shall not sell, assign, transfer or otherwise dispose of, or grant any option with respect to, or pledge, hypothecate or grant a security interest in or lien on or otherwise encumber (except pursuant to the Loan Documents), any of the Collateral or any interest therein, provided that this Section 6.08 shall not prevent any transfer of Collateral in accordance with the Loan Documents.

Section 6.09 Security Attention. Borrower shall do all things necessary to preserve the Collateral so that they remain subject to a perfected security interest hereunder. Without limiting the foregoing, Borrower will comply with all rules, regulations and other laws of any Governmental Authority and cause the Collateral to comply with all applicable rules, regulations and other laws.

Section 6.10 Information. (a) Borrower shall collect and maintain or cause to be collected and maintained all Records relating to the Collateral in accordance with industry custom and practice for assets similar to the Collateral, including those maintained pursuant to Section 6.11, and all such Records shall be in Borrower’s possession unless Lender otherwise approves. (더 보기…)

step one. HOEPA position – perhaps not appropriate. Whether your protected loan isnt subject to our home Ownership and Guarantee Shelter Operate out of 1994, once the adopted when you look at the Regulation Z, 12 CFR , a loan company complies that have 1003.4(a)(13) by reporting that the needs is not appropriate. If a credit card applicatoin did not end in an origination, a financial institution complies having 1003.4(a)(13) from the reporting the criteria is not appropriate.

Paragraph 4(a)(14)

1. we. Financial institutions must declaration lien standing for secure finance they originate and purchase and you may apps which do not bring about originations (preapproval needs that will be recognized yet not approved, preapproval needs that will be denied, software which might be accepted yet not approved, declined, withdrawn, or closed to own incompleteness). (더 보기…)