Document Handling. (1) Great Lakes shall capture and retain a copy of each promissory note on its image system and shall store a backup image copy in a facility remote from Great Lakes’ premises. (2) Great Lakes shall hold the original promissory note for safekeeping.
Appears in 2 contracts
Samples: Student Loan Origination and Servicing Agreement (Higher Education Funding I), Student Loan Origination and Servicing Agreement (Higher Education Funding I)
Document Handling. (1) Great Lakes shall capture and retain a copy of each promissory note and each disclosure statement on its image system and shall store a backup image copy in a facility remote from Great Lakes’ premisesfacility.
(2) Great Lakes shall hold the original Student Loan documents, including the original promissory note note, a copy of the Student Loan application and the disclosure statement for safekeeping.
Appears in 2 contracts
Samples: Student Loan Origination and Servicing Agreement (Education Funding Capital Trust I), Student Loan Origination and Servicing Agreement (Education Capital I LLC)
Document Handling. (1) Great Lakes shall capture and retain a copy of each promissory note and each disclosure statement on its image system and shall store a backup image copy in a facility remote from Great Lakes’ premisesfacility.
(2) Great Lakes shall hold the original Loan documents, including the original promissory note note, a copy of the Loan application and the disclosure statement for safekeeping. In addition, Great Lakes shall maintain proof of each disbursement for each loan.
Appears in 1 contract
Samples: Student Loan Origination and Servicing Agreement (College Loan Corp Trust II)
