Administration and Servicing of Loans. Section 3.1 Servicer to Act as Servicer; Administration of the Loans..............................45 Section 3.2 Collection of Certain Loan Payments; Custodial Account for P&I........................48 Section 3.3 Permitted Withdrawals from the Custodial Account for P&I..............................50 Section 3.4 Taxes, Assessments and Similar Items; Escrow Accounts.................................51 Section 3.5 Maintenance of Insurance..............................................................52
Administration and Servicing of Loans. Section 3.1 SERVICER TO ACT AS SERVICER; ADMINISTRATION OF THE LOANS..............................53 Section 3.2 COLLECTION OF CERTAIN LOAN PAYMENTS; CUSTODIAL ACCOUNT FOR P&I........................56 Section 3.3 PERMITTED WITHDRAWALS FROM THE CUSTODIAL ACCOUNT FOR P&I..............................58 Section 3.4 TAXES, ASSESSMENTS AND SIMILAR ITEMS; ESCROW ACCOUNTS.................................59 Section 3.5
Administration and Servicing of Loans. Section 7.1.
Administration and Servicing of Loans. 56 Section 6.1 Appointment of the Servicer.................................................................56
Administration and Servicing of Loans. Section 3.1 Servicer to Act as Servicer; Administration of the Loans......45
Administration and Servicing of Loans. Section 3.01. Acceptance of Appointment and Other Matters Relating to the Servicer 19 Section 3.02. Servicing Compensation 20 Section 3.03. Representations, Warranties and Covenants of the Servicer and each Subservicer 21 Section 3.04. Adjustments 24 Section 3.05. Back-up Servicing Agreement 24 Section 3.06. Monthly Servicer Report 24 Section 3.07. Annual Compliance Certificate 24 Section 3.08. Copies of Reports Available 24 Section 3.09. Notices To OneMain Financial 25 Section 3.10. Subservicing 25 Section 3.11. Custody of Receivable Files 26 ARTICLE IV COLLECTIONS AND ALLOCATIONS Section 4.01. Collections and Allocations 27 ARTICLE V OTHER MATTERS RELATING TO THE DEPOSITOR Section 5.01. Liability of the Depositor 27 Section 5.02. Merger or Consolidation of the Depositor 28 Section 5.03. Limitations on Liability of the Depositor 29 ARTICLE VI OTHER MATTERS RELATING TO THE SERVICER AND THE SUBSERVICERS Section 6.01. Liability of Servicer and the Subservicers 29 Section 6.02. Merger or Consolidation of, or Assumption of the Obligations of, the Servicer or a Subservicer 29 Section 6.03. Limitation on Liability of the Servicer, the Subservicers and Others 30
Administration and Servicing of Loans. 1.1 ___________ will service the Loans purchased by NRF as provided herein. Without limiting the generality of the foregoing, ___________ will be responsible for the following services (the “Services”): (i) administering all borrower billing activities including, but not limited to, resolving billing disputes or inquiries; (ii) receiving and processing payments; (iii) collecting amounts owed; (iv) at the request and approval of NRF, engaging third-party collection agencies to collect delinquent amounts owed; (v) reporting Borrower trade line information to consumer reporting agencies; (vi) maintaining fraud prevention procedures; and (vii) maintaining adequate books and records relating to the Services.
Administration and Servicing of Loans. Section 3.1 Servicer to Act as Servicer; Administration of the Loans.. 47 Section 3.2 Collection of Certain Loan Payments; Custodial Account for P&I................................................... 50 Section 3.3 Permitted Withdrawals from the Custodial Account for P&I.. 52 Section 3.4 Taxes, Assessments and Similar Items; Escrow Accounts..... 53 Section 3.5 Maintenance of Insurance.................................. 54 Section 3.6 Enforcement ofDue-on-Sale Clauses; Assumption and Substitution Agreements................................... 55 Section 3.7 Realization upon Defaulted Loans.......................... 56 Section 3.8 Trustee to Cooperate; Release of Mortgage Files........... 58 Section 3.9
Administration and Servicing of Loans. 55 Section 4.01. Appointment of the Servicer.........................................55 Section 4.02. Duties and Responsibilities of the Servicer.........................55 Section 4.03. Authorization of the Servicer.......................................57 Section 4.04. Collection of Payments..............................................57 Section 4.05. Servicer Advances...................................................59 Section 4.06. Realization Upon Defaulted Loans or Charged-Off Loans...............59 Section 4.07. Maintenance of Insurance Policies...................................60 Section 4.08. Representations and Warranties of the Servicer......................60 Section 4.09. Covenants of the Servicer...........................................62 TABLE OF CONTENTS (continued)
Administration and Servicing of Loans. Section 7.1 Appointment of the Servicer Section 7.2 Duties and Responsibilities of the Servicer Section 7.3 Authorization of the Servicer
