Credit Reporting; Gramm Xxxxx Xxxxxx Act. (a) The Servicer agrees to fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (e.g., favorable and unfavorable) on its mortgagor credit files to Equifax, Experian, and Trans Union Credit Information Servicer on a monthly basis. (b) The Servicer agrees to transmit full-file credit reporting data for each Mortgage Loan pursuant to Exhibit G. For each Mortgage Loan, the Servicer shall report one of the following statuses each month: new origination; current; delinquent (30-, 60-, 90-days, etc.); foreclosed or charged-off. (c) The Servicer shall comply with Title V of the Xxxxx-Xxxxx-Xxxxxx Act of 1999 and all applicable regulations promulgated thereunder, relating to the Mortgage Loans and the related Mortgagors and shall provide all required notices thereunder.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (First NLC Securitization, Inc.), Transfer and Servicing Agreement (Lares Asset Securitization, Inc.), Pooling and Servicing Agreement (Lares Asset Securitization, Inc.)
Credit Reporting; Gramm Xxxxx Xxxxxx Act. (a) The Servicer agrees to fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (e.g., favorable and unfavorable) on its mortgagor borrower credit files to EquifaxEquiFacsimile, Experian, and Trans Union Credit Information Servicer (three of the credit repositories), on a monthly basis.
(b) The Servicer agrees to transmit full-file credit reporting data for each Mortgage Loan pursuant to Exhibit G. For Xxxxxx Mae Guide Announcement 95-19 and for each Mortgage Loan, the Servicer shall report one of the following statuses each month: new origination; current; delinquent (30-, 60-, 90-days, etc.); foreclosed or charged-off.
(c) The Servicer shall comply with Title V of the Xxxxx-Xxxxx-Xxxxxx Act of 1999 and all applicable regulations promulgated thereunder, relating to the Mortgage Loans and the related Mortgagors and shall provide all required notices thereunder.
Appears in 3 contracts
Samples: Transfer and Servicing Agreement (FBR Securitization, Inc.), Pooling and Servicing Agreement (FBR Securitization, Inc.), Pooling and Servicing Agreement (First NLC Securitization, Inc.)
Credit Reporting; Gramm Xxxxx Xxxxxx Act. (a) The Servicer agrees to fully furnish, in accordance with the Fair Credit Reporting Act and its implementing regulations, accurate and complete information (e.g., favorable and unfavorable) on its mortgagor credit files to Equifax, Experian, and Trans Union Credit Information Servicer (three of the credit repositories), on a monthly basis.
(b) The Servicer agrees to transmit full-file credit reporting data for each Mortgage Loan pursuant to Exhibit G. For I and for each Mortgage Loan, the Servicer shall report one of the following statuses each month: new origination; current; delinquent (30-, 60-, 90-days, etc.); foreclosed or charged-off.
(c) The Servicer shall comply with Title V of the Xxxxx-Xxxxx-Xxxxxx Act of 1999 and all applicable regulations promulgated thereunder, relating to the Mortgage Loans and the related Mortgagors and shall provide all required notices thereunder.
Appears in 1 contract
Samples: Transfer and Servicing Agreement (First NLC Securitization, Inc.)
