LIMITED FILE LOAN

Example Definitions of "LIMITED FILE LOAN"
LIMITED FILE LOAN. Shall mean a Mortgage Loan with respect to which a Bailee Letter has been delivered to the Lender and Custodian on the Business Day prior to its related Funding Date, but as to which the Custodian does not possess a complete Mortgage File on such date.
Found in NEW CENTURY TRS HOLDINGS INC contract
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