MISMO Business Glossary

Terms of Authorized Usage  

©2021 The Mortgage Industry Standards Maintenance Organization. All rights reserved

NOTE:  The above copyright notice must be included in all copies of this MISMO Product and in any  derivative works based on this MISMO Product that are produced by Distributor.   

AUTHORIZED NON-COMMERCIAL DISTRIBUTOR USAGE: This MISMO Product (as defined in MISMO's 2018 Intellectual Property Rights Policy) is subject to a Non-Commercial MISMO Product Distributor License (the "Distributor License") and grants the licensee the right to use this Product in Business to Business transactions in accordance with the terms of that license.  Accordingly, the licensee may incorporate this Product, in whole or in part, into material that may be shared outside of the licensee if there is no resulting direct financial profit from the shared material.  

REQUIRED LEGAL NOTICES: Per Section 8 of the Distributor License, there are Legal Notices that must be included in all copies of this MISMO Product and in any derivative works based on this MISMO Product including any software applications developed by Distributor based upon this Product.  For details, see Distributor Required Legal Notices.   

In addition, per Section 2 of the Distributor License, all copies of the Collateral (as defined by MISMO's 2018 Intellectual Property Rights Policy) and any derivative works must attribute all content taken from the original item of Collateral to MISMO and carry the following legend:  

"This work is intended for internal use only by the clients of ____________ [Insert Name of Distributor], a MISMO Collateral Licensee, and includes, in whole or in part, content from the [Insert Name of Collateral ____________________v. __, dated ____] published by the Mortgage Industry Standards Maintenance Organization, Inc. ("MISMO"). Your access through this work to the [name of Collateral], or parts thereof, does not convey to you any other rights to use, distribute, modify, reproduce, sell, sublicense, offer for sale, publish, or make derivative works of that MISMO product, or any portion of the product contained in this work. The right to make derivative works from any MISMO product is restricted by MISMO either to MISMO members and/or to those who pay the appropriate fee. Please contact MISMO for more information."   

MISMO PRODUCT USER REGISTRY: Per Section 8 of the Distributor License, by downloading and using this MISMO Product, each Distributor agrees that, when providing any product or service to its customers or associated businesses that incorporates or utilizes the Product in any way, the Distributor will use commercially reasonable efforts to encourage recipients of such products to register with MISMO as a MISMO Product User.   

DISCLAIMERS: Attention is drawn to the possibility that some of the elements of this MISMO Product may be the subject of patent rights. MISMO will not be held responsible for identifying any or all such patent rights. This MISMO Product is subject to the MISMO Product Distributor License Disclaimer and is provided "as is" with no warranties of any kind.

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