Regulation AB Reporting Clause Samples
The Regulation AB Reporting clause requires parties involved in asset-backed securities transactions to provide disclosures and reports in compliance with Regulation AB, a set of SEC rules governing such securities. This typically involves supplying detailed information about the underlying assets, servicing practices, and transaction parties, as well as ongoing periodic reports to investors and regulators. The core function of this clause is to ensure transparency and regulatory compliance, thereby protecting investors and maintaining market integrity.
Regulation AB Reporting. In accordance with the requirements set forth in each Subject Servicing Agreement, Ocwen at its own expense shall deliver to all required Persons in accordance with the deadlines and requirements set forth in each Subject Servicing Agreement, any annual statements as to compliance, independent certified public accountants reports, servicing reports, Regulation AB Sections 1122 and 1123 certifications, accountants certifications, Sarbanes Oxley Certifications and any other reports, statements or certifications as are required to be delivered by Servicer’s subservicer pursuant to such Subject Servicing Agreement or Applicable Law. Servicer shall remain responsible for all reporting and other obligations of a “servicer” under Regulation AB and the Subject Servicing Agreements with respect to the Mortgage Loans. Ocwen shall provide Servicer with all information necessary and within Ocwen’s control for the period following the related Servicing Transfer Date in order for Servicer to comply with its Regulation AB obligations. With respect to each Subject Servicing Agreement, Ocwen shall provide to Servicer, any and all certifications reasonably requested by Servicer, including without limitation, any certifications related to Regulation AB or the Uniform Single Attestation Program for Mortgage Bankers required to comply with the terms of such Subject Servicing Agreement.
Regulation AB Reporting. If the Depositor determines in its reasonable discretion that the Servicer is required by Regulation AB to deliver or file any report, certificate, certification, attestation or other document in connection with any Series of Notes, the Servicer shall comply with such obligation.