SETTLEMENT TERMS AND CONDITIONS Sample Clauses
The "Settlement Terms and Conditions" clause defines the specific requirements and procedures that parties must follow to resolve a dispute or finalize an agreement. It typically outlines the obligations of each party, the timeline for fulfilling settlement payments or actions, and any conditions that must be met for the settlement to be considered complete. For example, it may specify payment methods, deadlines, or confidentiality requirements. The core function of this clause is to ensure that both parties clearly understand their responsibilities in settling the matter, thereby reducing the risk of future disagreements or enforcement issues.
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SETTLEMENT TERMS AND CONDITIONS. Without admitting or denying the Department’s findings, RBI is willing to resolve the violations cited herein by entering into this Agreement and freely and voluntarily waives its right to a hearing under Banking Law Sections 44 and 598 on such violations. Therefore, in consideration of the promises and covenants set forth herein:
1. RBI agrees to take all necessary steps to ensure its compliance with all applicable federal and state laws, regulations, and supervisory requirements relating to its mortgage business, including, but not limited to:
a. complying with the requirements of Article 12-D of the Banking Law, and Part 38 of the General Regulations of the Banking Board; and
b. ensuring that its advertisements do not mislead consumers as to the identity of the party offering credit; and
c. clearly identifying itself by name and an approved office address located in New York in any advertisement targeted to New York consumers; and
d. ensuring that its advertisements do not mislead consumers as to the terms and conditions of credit it is offering and that such advertisements disclose clearly and conspicuously the existence of material terms, conditions, and limitations relating to any advertised offer of credit; and
e. ensuring that it will not advertise terms of credit using footnotes, asterisks, small print and color contrasts that materially contradict or modify the principal message of its advertisements, and will disclose clearly, and conspicuously all material information.
2. RBI agrees to develop appropriate written advertisement policies and procedures designed to ensure compliance with all applicable federal and state laws, regulations, supervisory requirements and guidance letters. The policies and procedures shall, at a minimum: (i) designate an individual responsible for monitoring compliance with all applicable federal and state laws, regulations, supervisory requirements and guidance letters; and (ii) establish a training program to ensure that RBI and its employees involved in preparing or approving advertisements understand all applicable federal and state laws, regulations, supervisory requirements and guidance letters.
3. Within ninety (90) days from the effective date of this Agreement, RBI agrees to submit a draft of its advertisement policies and procedures to the Department.
4. Within one hundred twenty (120) days from the effective date of this Agreement, RBI agrees to submit a copy of its final advertisement policies and procedure...
SETTLEMENT TERMS AND CONDITIONS. The Registrant is willing to resolve the violation cited herein by entering into this Agreement and freely and voluntarily waives its right to a hearing under Banking Law Sections 44 and 598 on such violations. Therefore, in consideration of the promises and covenants set forth herein, the Settling Parties agree, as follows:
1. Registrant agrees to take all necessary steps to ensure its compliance with all applicable federal and state laws, regulations, and supervisory requirements relating to its mortgage business.
2. Registrant agrees to the payment of a fine in the amount of $7,500 in eleven equal installments, with the exception of the first installment payment which shall be in the amount of $1,000 upon the execution of this Agreement. The remaining installment payments of $650 are to be received by the 15th of each month until the fine is fully paid. The installments shall be made in electronic transfers, in immediately available funds, pursuant to transfer instructions received from the Department. Failure to make timely payment on any of the installments shall result in immediate revocation of Registrant’s registration.
3. Registrant further agrees that such payment will be made in immediately available funds in accordance with Department payment instructions.
SETTLEMENT TERMS AND CONDITIONS. ▇▇▇▇▇▇▇▇▇▇ is willing to resolve the violations by entering into this Agreement and freely and voluntarily waives its right to a hearing under Banking Law Sections 44 and 598 on such violations. Therefore, in consideration of the promises and covenants set forth herein:
SETTLEMENT TERMS AND CONDITIONS. United Northern is willing to resolve the violations cited herein by entering into this Agreement and freely and voluntarily waives its right to a hearing under Banking Law Sections 44 and 598 with respect to the cited violations. Therefore, in consideration of the promises and covenants set forth herein:
1. United Northern agrees to take all necessary steps to ensure its compliance with all applicable federal and state laws, regulations, and supervisory requirements relating to its mortgage business, including, but not limited to:
a. complying with the requirements of Article 12-D of the Banking Law, Section 599-p of the Banking Law, and Part 38 of the General Regulations; and
b. ensuring that its advertisements do not mislead consumers to believe that its advertisements are sponsored, approved or endorsed by a government agency; and
c. ensuring that it does not advertise immediate approval of loans, including the use of words such as “Quick and easy approval.”
2. United Northern agrees to develop appropriate written advertising policies and procedures in order to ensure compliance with all applicable federal and state laws, regulations, supervisory requirements and guidance letters. The policies and procedures shall, at a minimum: (i) designate an individual responsible for monitoring compliance with all applicable federal and state laws, regulations, supervisory requirements and guidance letters; and (ii) establish a training program to ensure that United Northern and its MLO and non-MLO employees understand all applicable federal and state laws, regulations, supervisory requirements and guidance letters.
3. Within ninety (90) days from the effective date of this Agreement, United Northern agrees to submit a draft of its advertisement policies and procedures to the Department.
4. Within one hundred twenty (120) days from the effective date of this Agreement, United Northern agrees to submit a copy of its final advertisement policies and procedures to the Department together with a letter from an authorized officer of United Northern indicating his/her approval of such policies and procedures.
5. United Northern agrees to pay a fine of $ 10,000.
6. United Northern further agrees that such payment will be made in immediately available funds in accordance with the Department’s payment instructions.
SETTLEMENT TERMS AND CONDITIONS. ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ is willing to resolve the violation by entering into this Agreement and freely and voluntarily waives his right to a hearing under Banking Law Sections 44 and the Superintendent’s Regulation Part 420.21 on such violations. In consideration of the promises and covenants set forth herein, the Settling Parties agree as follows:
SETTLEMENT TERMS AND CONDITIONS. The Licensee is willing to resolve the violations cited herein by entering into this Agreement and freely and voluntarily waives its right to a hearing under Banking Law Sections 44 and 598 on such violations. Therefore, in consideration of the promises and covenants set forth herein, the Settling Parties agree, as follows:
1. The Licensee agrees to take all necessary steps to ensure its compliance with all applicable federal and state laws, regulations, and supervisory requirements relating to its mortgage business.
2. The Licensee agrees to pay a fine of $5,000 payable upon execution of this Agreement.
3. The Licensee further agrees that such payment will be made in immediately available funds in accordance with the Department’s payment instructions.
SETTLEMENT TERMS AND CONDITIONS. The Registrant is willing to resolve the violations cited herein by entering into this Agreement and freely and voluntarily waives its right to a hearing under Banking Law Sections 44 and 598 on such violations. Therefore, in consideration of the promises and covenants set forth herein, the Settling Parties agree, as follows:
1. The Registrant agrees to take all necessary steps to ensure its compliance with all applicable federal and state laws, regulations, and supervisory requirements relating to its mortgage business.
2. The Registrant agrees to pay a fine of $5,000 in twelve monthly installments, with the first installment of $600 due upon execution of this Agreement. The remaining eleven payments of $400 are due by the 15th of each successive month until the fine is fully paid.
3. The Registrant further agrees that such payment will be made in immediately available funds in accordance with Department payment instructions.
SETTLEMENT TERMS AND CONDITIONS. MLD Mortgage is willing to resolve the violations cited herein by entering into this Agreement and freely and voluntarily waives its right to a hearing under Banking Law Sections 44 and 598 on such violations. Therefore, in consideration of the promises and covenants set forth herein:
1. MLD Mortgage agrees to take all necessary steps to ensure its compliance with all applicable federal and state laws, regulations, and supervisory requirements relating to its mortgage business, including, but not limited to:
a. complying with the requirements of Article 12-D of the Banking Law, and Part 38 of the General Regulations;
b. ensuring that it will provide appropriate training for its employees regarding the utilization of any location to conduct regulated mortgage business, assumed name or any website, domain, or other name; and
c. not conducting or transacting New York regulated mortgage business using any website, domain, or other name that has not been approved by the Superintendent.
2. MLD Mortgage agrees to develop, written advertisement and compliance policies and procedures (“Compliance P&P”), designed to ensure compliance with all applicable federal and state laws, regulations, supervisory requirements and guidance letters. If it already has developed Compliance P&P, it is required to review and update them so that they address the aforementioned concerns. The Compliance P&P shall, at a minimum: (i) designate an individual responsible for monitoring compliance with all applicable federal and state laws, regulations, supervisory requirements and guidance letters; and (ii) establish a training program to ensure that MLD Mortgage and its MLO and non-MLO employees understand all applicable federal and state laws, regulations, supervisory requirements and guidance letters.
3. Within ninety (90) days from the effective date of this Agreement, MLD Mortgage agrees to submit a draft of its Compliance P&P to the Department.
4. Within thirty (30) days from receipt of non-objection or any comments from the Department, and after incorporation and adoption of all comments, MLD Mortgage agrees to submit a copy of its final Compliance P&P to the Department together with a letter from an authorized officer of MLD Mortgage indicating his/her approval of such policies and procedures.
5. MLD Mortgage agrees to pay a fine of $10,000 payable in ten (10) equal monthly installments as follows: $1,000 upon execution of this Agreement $1,000 each on or before the 15th day of ...
SETTLEMENT TERMS AND CONDITIONS. The Parties agree to address SSJID’s concerns regarding the Regionalization Proposal and Updated Regionalization Proposal (referred to as the Updated Regionalization Proposal below) as follows:
1. In response to SSJID’s concerns regarding a lack of specificity summarized above, PG&E clarifies and confirms that its implementation of regionalization, as managed by the Regionalization Program Management Office (“PMO”) and its successor(s), will not include any work to oppose municipalization efforts by SSJID. For purposes of this Settlement Agreement between PG&E and SSJID, PMO is defined as the director of the PMO and that person’s direct reports.
2. PG&E shall ensure that PG&E and the PMO shall separate by work category and functionally any work or activity related to any PG&E efforts to oppose SSJID’s municipalization efforts from PG&E’s implementation of regionalization. The PMO shall document in writing the steps taken to implement and maintain this separation, and shall make such documentation available to the Commission or SSJID upon request.
3. SSJID acknowledges that PG&E (including Regional Vice Presidents, Regional Safety Directors, and/or their staff) may continue to respond to SSJID’s municipalization efforts in other appropriate forums and proceedings, separate and apart from the regionalization proceeding (A.20-06-011) and/or implementation of the Updated Regionalization Proposal (including any revisions or updates thereto) as managed by the PMO.
4. SSJID acknowledges that the Updated Regionalization Proposal does not include an explicit reference to municipalization efforts.
5. To the extent that a dispute arises regarding PG&E’s compliance with this Settlement Agreement, PG&E and SSJID agree to meet and confer to resolve said dispute informally, prior to undertaking any action before the Commission.
SETTLEMENT TERMS AND CONDITIONS. ▇▇▇▇ is willing to resolve the violations by entering into this Agreement and freely and voluntarily waives his right to a hearing under Banking Law Sections 44 and 3 NYCRR Part 420.21 on such violations. In consideration of the promises and covenants set forth herein, the Settling Parties agree as follows:
1. ▇▇▇▇ agrees to take all necessary steps to ensure his compliance with all applicable federal and state laws, regulations, and supervisory requirements relating to his mortgage business, including, but not limited to:
a. complying with the requirements of the Article 12-D and 12-E of the Banking Law, and 3 NYCRR Parts 419 and 420;
b. ensuring that his activities and advertisements, do not mislead consumers into believing that he is a mortgage broker or as a mortgage banker pursuant to Article 12-D of the Banking Law;
c. ensuring that he will not engage in prohibited conduct outlined in 3 NYCRR Section 420.20.
2. ▇▇▇▇ agrees to pay a fine of $3,000 payable in ten (10) installments as follows: $300 upon execution of this Agreement; $300 on or before the 15th day of each of the immediately following nine (9) months.
3. ▇▇▇▇ further agrees that such payment will be made in immediately available funds in accordance with Department payment instructions.