Servicing Certification Clause Samples
The Servicing Certification clause requires a party, typically a servicer in a financial or loan agreement, to formally attest to the accuracy and completeness of their servicing activities and records. This often involves submitting periodic certifications or reports confirming compliance with contractual obligations, such as proper handling of payments, maintenance of records, and adherence to relevant laws or standards. By mandating such certifications, the clause ensures accountability and transparency in servicing operations, helping to prevent errors, mismanagement, or fraud.
Servicing Certification. A written certification of a Servicer (including the Master Servicer when acting as a direct servicer of Mortgage Loans) provided to the Master Servicer or to such other Person as may be providing the certification required by the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002 as back-up for such latter certification, in the form attached as an exhibit to or provided for in the applicable Servicing Agreement.