Lender does not repurchase Sample Clauses

Lender does not repurchase. If the lender does not repurchase the unpaid guaranteed portion of a loan as pro- vided in paragraph (a) of this section, the Agency will, within 30 calendar days after written demand to the Agen- cy from the holder, purchase from the holder the unpaid principal balance of the guaranteed portion together with accrued interest to date of repurchase or the interest termination date, whichever is sooner, less the lender’s servicing fee. The guarantee will pay accrued interest to the holder on the loan as determined under § 5001.450(c) of this part.