Action Code 12 Clause Samples
Action Code 12 is a clause that designates a specific type of action or status within a contractual or operational framework, typically used for tracking or categorizing events. In practice, this code might be applied to indicate a particular response, such as a system alert, a compliance requirement, or a procedural step that must be taken when certain conditions are met. By assigning a clear and standardized label to this action, the clause ensures consistent communication and efficient processing, reducing ambiguity and streamlining workflow management.
Action Code 12. To report a Mortgage Loan for which the Borrower has been granted relief for curing a delinquency. The Action Date is the date the relief is expected to end. For military indulgence, it will be three months after the Borrower's discharge from military service.
