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RES 81325
City of Pleasanton
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1980-1989
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1981
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RES 81325
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2/4/2013 11:34:33 AM
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3/7/2000 5:19:22 PM
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CITY CLERK
CITY CLERK - TYPE
RESOLUTIONS
DOCUMENT DATE
9/29/1981
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cash or letter of credit or any other form, to be used and <br />applied as set f6rth in said invitation or in the Agreement. <br /> <br /> (I) Within five business days after receipt of <br />notice from the City of acceptance of its application to <br />participate in the Program (in whole or in part) or such <br />longer time as is specified by the City, the Lending <br />Institution shall deliver to the City (i) an executed <br />Agreement and (ii) such other documents, fees and information <br />as may be required by the Agreement. <br /> <br /> (J) The Lending Institution shall be willing.to <br />attest as provided in the Agreement that it has explained the <br />contents of the Mortgagor's Affidavit in the form presented <br />by the City to each Mortgagor for whom it originates a Home <br />Mortgage and that it has no reason to believe that those <br />persons made any misstatements in or omissions from the <br />information requested in such Affidavit. <br /> <br /> (K) The Lending Institution shall be willing with <br />respect to each Home Mortgage it originates to make the <br />representations contained in the Originating Lender's <br />Certificate in the form presented by the City. <br /> <br /> Section 3. Criteria for Selection of Lending <br />Institutions. Lending Institutions shall be selected to <br />participate in the Program on the basis of the minimum <br />standards set forth in Section 2 of these Rules and <br />Regulations and on the basis of demonstrated ability to <br /> <br /> 6 <br />40006-0002-077-0252a <br /> <br /> <br />
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