Loan Servicing and Administration. Lender agrees to authorize the City and the City’s Administrator to communicate with the Master Servicer and/or Sub Servicer on any loans that reach a default status. If a Notice of Default is filed on a subject property with a recorded Resale Restriction, notice will be immediately provided to the City and communication with the City will be authorized.
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Samples: Affordable Lending Participation Agreement, Affordable Lending Participation Agreement, Affordable Lending Participation Agreement
Loan Servicing and Administration. Lender Xxxxxx agrees to authorize the City and the City’s Administrator to communicate with the Master Servicer and/or Sub Servicer on any loans that reach a default status. If a Notice of Default is filed on a subject property with a recorded Resale Restriction, notice will be immediately provided to the City and communication with the City will be authorized.
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