Common use of Change in Credit and Collection Policies Clause in Contracts

Change in Credit and Collection Policies. (A) Within fifteen (15) Business Days after the date of any material change in or amendment to the Credit and Collection Policies is made (which change or amendment, to the extent made to the Credit and Collection Policies of the Seller or initial Servicer, shall not be made without the prior written consent of each of the Noteholders), a copy of the Credit and Collection Policies then in effect indicating such change or amendment; (B) No later than five (5) Business Days prior to the effective date of any proposed material change in or amendment to the Credit and Collection Policies, a copy of the proposed change or amendment; and (C) Within fifteen (15) Business Days after the date any material version change in the Seller’s proprietary credit risk decisioning model, a written summary of such change.