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Glossary > M
Change to the Condominium Documents pertaining to: modifying, after a casualty or condemnation, insurance requirements, use of insurance proceeds, or rebuild requirements; altering or restricting the use of the Condominium units, common elements, or other…
Glossary > P
Custodial Account for principal and interest deposits.…
Synonyms: P&I Custodial Accounts
Synonyms: P&I Custodial Accounts
Glossary > W
Residential Condominium Property where the Borrower owns 100% of the units.…
Glossary > O
Required plan for remediating a Recognized Environmental Condition or Business Enivronmental Risk as described in Environmental Due Diligence (Form 4251…
Synonyms: O&M, O&M Plan, O&M Plans
Synonyms: O&M, O&M Plan, O&M Plans
Glossary > O
Fee you charge the Borrower for underwriting and originating the Mortgage Loan.…
Synonyms: Origination Fees
Synonyms: Origination Fees
Glossary > B
Financial Recordkeeping and Reporting of Currency and Foreign Transactions Act of 1970 (31 U.S.C. 5311 et seq.).…
Glossary > C
Borrower consisting of tenants-in-common that own the Property in equal or unequal shares.…
Synonyms: Co-Tenant Borrowers
Synonyms: Co-Tenant Borrowers
Glossary > T
Amounts for taxes, insurance, and other charges assessed against or owing on the Property which you deem necessary to protect the Property and/or prevent Liens imposed on…
Synonyms: T&I Imposition
Synonyms: T&I Imposition