Common use of Description of Action Codes Clause in Contracts

Description of Action Codes. Action Code 12 - To report a Mortgage Loan for which the Borrower has been granted relief for curing a delinquency. The Action Date is the date the relief is expected to end. For military indulgence, it will be three months after the Borrower's discharge from military service.

Appears in 43 contracts

Samples: Pooling and Servicing Agreement (GreenPoint MTA Trust 2005-Ar4), Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2006-Ac1), Pooling and Servicing Agreement (American Home Mortgage Assets Trust 2005-2)

AutoNDA by SimpleDocs

Description of Action Codes. Action Code 12 - To report a Mortgage Loan for which the Borrower has been granted relief for curing a delinquency. The Action Date is the date the relief is expected to end. For military indulgence, it will be three months after the Borrower's ’s discharge from military service.

Appears in 28 contracts

Samples: Servicing Agreement, Assignment, Assumption and Recognition Agreement (HSI Asset Securitization CORP Trust 2007-He1), Assignment, Assumption and Recognition Agreement (HASCO Trust 2007-He2)

AutoNDA by SimpleDocs

Description of Action Codes. Action Code ACTION CODE 12 - To report a Mortgage Loan for which the Borrower has been granted relief for curing a delinquency. The Action Date is the date the relief is expected to end. For military indulgence, it will be three months after the Borrower's discharge from military service.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Peoples Choice Home Loan Securities Trust Series 2004-2), Pooling and Servicing Agreement (Prime Mortgage Trust 2005-5), Assignment, Assumption and Recognition Agreement (Merrill Lynch Mortgage Investors Trust, Series MLCC 2006-2)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!