Lending Code definition

Lending Code means the voluntary code of practice issued by the Lending Standards Board and describes minimum standards of good practice for banks, building societies, credit card providers and their agents.
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Lending Code means the voluntary code of practice issued by the Lending Standards Board and
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Lending Code means the Lending Code setting minimum standards of good practice when dealing with personal and micro-enterprise customers in the UK in relation to unsecured loans, credit cards and current account overdrafts and associated services and secured lending to micro-enterprise customers, and related guidance published by the Associations as amended from time to time;
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Examples of Lending Code in a sentence

  • We are also a member of the Finance and Leasing Association and are bound by its Lending Code.

  • We are a subscriber to the Lending Code – a voluntary code that sets the standards for good banking practice in relation to loans and current account overdrafts.

  • To meet requirements under The Responsible Lending Code, a revised budget, 3-month bank statement and proof of address must be supplied to DCO FINANCE at least once every 6 months (or upon circumstance change).

  • Signature Date Signature Date This form must be completed prior to submitting Consumer Loan documents to Financial Synergy Ltd (FSL), to enable FSL as a lender to fulfil its obligations under the Responsible Lending Code.

  • Home Loan Payment Terms As at the date of this Agreement, principal and interest, subject to any amendment to, waiver of, or concession in relation to the Home Loan Payment Terms agreed between you and the Mortgagee including in accordance with the Credit Contracts and Consumer Finance Act 2003 and the Responsible Lending Code issued under that Act.

  • C.15.1. We are a member of the Finance and Leasing Association (“FLA”) and we follow the FLA Lending Code a copy of which is available at ▇▇▇.▇▇▇.▇▇▇.▇▇.

  • We subscribe to The Lending Code, a copy of which can be obtained from us at the address below upon request.

  • E-mail: ▇▇▇▇@▇▇▇.▇▇▇.▇▇ We also subscribe to the Lending Code which is monitored and enforced by the Lending Standards Board.

Related to Lending Code

  • Lending institution Any insurance company, federally insured commercial or savings bank, national banking association, savings and loan association, credit union, employees’ welfare, pension or retirement fund or system, corporate profit sharing or pension trust, college or university, endowment fund, real estate investment trust, or other institutional lender or financial enterprise, including, without limitation, any corporation qualified to be treated for federal tax purposes as a real estate investment trust, having a net worth of at least $50,000,000 acting on its own behalf or as agent on behalf of other Lending Institutions.

  • Truth in Lending Act means the Truth in Lending Act of 1968, as amended.

  • Lending Party means a third party that is not Company or an affiliate of Company that Dealer considers to be an acceptable counterparty (acting in good faith and in a reasonable manner in light of (x) other transactions that Dealer (or its agent or affiliate) may have entered into with such party and (y) any legal, regulatory or self-regulatory requirements or related policies and procedures (whether or not such requirements or related policies and procedures are imposed by law or have been voluntarily adopted by Dealer) that apply generally to transactions of a nature and kind similar to the transactions contemplated with such party).

  • Lending Office means, as to any Lender, the office or offices of such Lender described as such in such Lender’s Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Borrower and the Administrative Agent.

  • securities lending or "securities borrowing" means a transaction by which a counterparty transfers securities subject to a commitment that the borrower will return equivalent securities on a future date or when requested to do so by the transferor, that transaction being considered as securities lending for the counterparty transferring the securities and being considered as securities borrowing for the counterparty to which they are transferred;