Common use of Information Reports to Be Filed by the Servicer Clause in Contracts

Information Reports to Be Filed by the Servicer. The Servicer shall file information returns with respect to the receipt of mortgage interest received in a trade or business, reports of foreclosures and abandonments of any Mortgaged Property and cancellation of indebtedness income with respect to any Mortgaged Property as required by Sections 6050H, 6050J and 6050P of the Code, respectively.

Appears in 6 contracts

Samples: Pooling and Servicing Agreement (Nations Banc Asset Sec Ins Asset Backed Cert Series 1997-1), Pooling and Servicing Agreement (Finance America Securities LLC), Pooling and Servicing Agreement (Ace Securities Corp)

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Information Reports to Be Filed by the Servicer. The Servicer shall file information returns reports with respect to the receipt of mortgage interest received in a trade or business, reports of foreclosures and abandonments of any Mortgaged Property and the information returns relating to cancellation of indebtedness income with respect to any Mortgaged Property as required by Sections 6050H, 6050J and 6050P of the Code, respectively. Such reports shall be in form and substance sufficient to meet the reporting requirements imposed by such Sections 6050H, 6050J and 6050P of the Code.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Accredited Mortgage Loan REIT Trust), Pooling and Servicing Agreement (Gmac Mortgage Loan Trust 1999-J1), Pooling and Servicing Agreement (Gmac Mortgage Loan Trust 1999-J2)

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Information Reports to Be Filed by the Servicer. The Servicer shall file (or cause any Subservicers to file) information returns with respect to the receipt of mortgage interest received in a trade or business, reports of foreclosures and abandonments of any Mortgaged Property and cancellation of indebtedness income with respect to any Mortgaged Property as required by Sections 6050H, 6050J and 6050P of the Code, respectively.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Chase Manhattan Acceptance Corp /De/)

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