Owners' Association Fidelity Insurance Requirement. The Servicer must ensure that the Owners' Association maintains a fidelity bond or insurance against dishonest and fraudulent acts on the part of directors, managers, trustees, employees or volunteers responsible for handling funds belonging to or administered by the association.
Appears in 76 contracts
Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar16 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-Ar7 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar10 Trust)
Owners' Association Fidelity Insurance Requirement. The Servicer must ensure that the Owners' β Association maintains a fidelity bond or insurance against dishonest and fraudulent acts on the part of directors, managers, trustees, employees or volunteers responsible for handling funds belonging to or administered by the association.
Appears in 1 contract
Samples: Servicing Agreement (Wells Fargo Asset Securities Corp)
