Borrower Payment. Lender shall send to the FTA the FTA share of all Borrower payments received after settlement of the loan sale. LENDER WILL NOT SEND ANY PAYMENTS DIRECTLY TO THE REGISTERED HOLDER OR TO THE BROKER/DEALER. Xxxxxx will retain a copy of this Form. Xxxxxx will not receive a return copy of this Form after settlement. The Wire transfer receipt from the settlement through the FTA will be the Lender’s notification that the sale is complete.
Appears in 4 contracts
Samples: Secondary Participation Guaranty Agreement, Secondary Participation Guaranty Agreement, Secondary Participation Guaranty Agreement
Borrower Payment. Lender shall send to the FTA the FTA share of all Borrower payments received after settlement of the loan sale. LENDER WILL NOT SEND ANY PAYMENTS DIRECTLY TO THE REGISTERED HOLDER OR TO THE BROKER/DEALER. Xxxxxx Lender will retain a copy of this Form. Xxxxxx will not receive a return copy of this Form after settlement. The Wire transfer receipt from the settlement through the FTA will be the Lender’s notification that the sale is complete.
Appears in 2 contracts
Samples: Secondary Participation Guaranty Agreement, Secondary Participation Guaranty Agreement
