Delinquency Reports Sample Clauses
The Delinquency Reports clause requires one party, typically a service provider or lender, to regularly report instances where payments or obligations are overdue. In practice, this means the responsible party must track and document any accounts or individuals who have failed to meet their payment deadlines, often providing these reports to another party such as a client, investor, or regulatory body. The core function of this clause is to ensure transparency and timely communication regarding overdue accounts, enabling the recipient to take appropriate action to manage risk or enforce contractual remedies.
Delinquency Reports. 1. Delinquency reports will be prepared on a monthly basis by the fifteenth of each month. Reports will indicate current loans, loans over 10 days past due, over 30 days past due, over 60 days past due, over 90 days past due and over 120 days past due.
2. Delinquency reports will be distributed bi-weekly to the Deputy Director and the Director of Finance for recommendations on prevention strategies related to challenging delinquency clients. All delinquency matters are reported to the Credit & Loan Committee on a monthly basis and appropriate legal action may be recommended at that time.
Delinquency Reports. Prompt notice if any of the Purchased Loans become In Default.
Delinquency Reports. On a monthly basis, delinquency reports on ------------------- the Mortgage Loans warehoused with Lender, including the following categories:
Delinquency Reports. Within ten (1O) days after the end of each calendar month, furnish to Lender a servicing portfolio delinquency report of Borrower with respect to the Loans constituting part of the Collateral and for which Borrower retains the servicing rights, as of the end of the previous calendar month.
Delinquency Reports. Copies of the current tenant aged delinquency report for each Real Property.