Common use of Responsibilities of CFS Clause in Contracts

Responsibilities of CFS. CFS will act as Marketing Agent for Lender with respect to marketing Consolidation Loans. As the marketing agent, CFS will source potential applicants, receive Applications from Borrowers, review the documentation and perform data entry of certain information required to complete the consolidation process. CFS will be responsible for insuring that each Application submitted for a Consolidation Loan is eligible in all respects to be consolidated. CFS and the Lender hereby agree that the Servicer and the Lender may rely fully upon CFS's certification of eligibility with respect to all actions required of any party other than Servicer or the Lender prior to consolidation. Furthermore, CFS shall:

Responsibilities of CFS. CFS will act as Marketing Agent for Lender Bank with respect to marketing Consolidation Loans. As the marketing agentMarketing Agent, CFS will source potential applicants, will receive Applications from Borrowers, review the documentation and perform data entry of certain information required to complete the consolidation process. CFS will be responsible for insuring that each Application submitted for a Consolidation Loan is eligible in all respects to be consolidated. CFS and the Lender Bank hereby agree that the Servicer and the Lender Bank may rely fully upon CFS's certification of eligibility with respect to all actions required of any party other than Servicer or the Lender Bank prior to consolidation. Furthermore, CFS shall: