Procedures to be Performed. Confirm the following sections are present on the contract and filled out:
Procedures to be Performed. Review the Buyer section on the Contract and in any amendments and confirm a person’s or business’ name is reported
Procedures to be Performed. Origination of Each Receivable
Procedures to be Performed. Review the Contract and confirm that the form number and revision date are on the List of Approved Contract Forms.
Procedures to be Performed. Confirm the Account Number in the data tape matches the Account Number listed in the Schedule of Receivables.
Procedures to be Performed. Verify the Contract or the Agreement to Provide Insurance requires the Receivable to be covered by a comprehensive and collision insurance policy at the time of origination or that language exists allowing the seller to obtain physical loss and damage insurance at the expense of the Obligor if the Obligor fails to do so.
Procedures to be Performed. Observe the Contract and confirm it was signed by the Obligor.
Procedures to be Performed. Confirm there is a Contract signed by the Seller (if applicable).(5)
Procedures to be Performed. Verified through the transaction documents and Schedule of Receivables.
