Servicing Compliance Sample Clauses

Servicing Compliance. With respect to the servicing of Mortgage Loans, the Servicer will comply, (i) as to each FHA Insured Mortgage Loan, with the National Housing Act of 1934, as amended, all rules and regulations issued thereunder and all applicable administrative publications, (ii) as to each VA Guaranteed Mortgage Loan, with the Servicemen’s Readjustment Act of 1944, as amended, all rules and regulations issued thereunder and all applicable administrative publications, (iii) as to each FHA Insured Mortgage Loan or VA Guaranteed Mortgage Loan, with the provisions of the GNMA Guide and all other applicable rules, regulations, policies and guidelines of GNMA, (iv) with respect to each USDA Rural Development Guaranteed Mortgage Loan, with the Housing Act of 1949, as amended, all rules and regulations issued thereunder, and all applicable administrative publications, (v) as to each Conventional Mortgage Loan with the requirements of the PMI Insurer, (vi) as to each Conventional Mortgage Loan, with the provisions of the Pool Purchase Contract, the Xxxxxxx Mac Guide and all rules and guidelines of Xxxxxxx Mac, and the Xxxxxx Xxx Guide and all rules and guidelines of Xxxxxx Mae.
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Servicing Compliance. The servicing practices to be used by the Company under this Agreement are, and shall remain, in all material respects in compliance with all Applicable Requirements, including without limitation, all federal, state and local laws, rules, all regulations and requirements in connection therewith, and FNMA guidelines, as applicable. Notwithstanding the foregoing, the Company's representations and warranties as to the proper servicing of interest-only ARM loans shall be effective upon the fulfillment of the covenants set forth in Section 2.09 of this Agreement.
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Servicing Compliance. 7. We have reviewed, for the Reporting Period: (a) the activities of SF in its capacity as Sub-Servicer and (b) SF’s performance under the Sub-Servicing Agreement. Such review of SF’s activities and the performance by SF of its obligations under the Sub-Servicing Agreement has been made by me or by persons under my supervision.
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Servicing Compliance. The servicing practices to be used by Subservicer under the Private Investor Agreements and Pooling and Servicing Agreements are, and shall remain, in all material respects in compliance with all Applicable Requirements, including without limitation, all federal, state and local laws, rules, all regulations and requirements in connection therewith, and FNMA guidelines, as applicable.
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Servicing Compliance. Seller has conducted its business with respect to the Leases, including but not limited to the collection and administration of the Leases, in accordance with all applicable laws, rules and regulations. The delinquency of the Leases is accurately stated in the servicing system of Seller, based on standard contractual delinquency parameters.
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Servicing Compliance. The servicing practices to be used by Purchaser under the Investor Agreements are, and shall remain, in all material respects in compliance with all Applicable Requirements, including without limitation, all federal, state and local laws, rules, all regulations and requirements in connection therewith, and FNMA guidelines, as applicable. Notwithstanding the foregoing, Purchaser’s representations and warranties herein, to the extent relating to the proper servicing of ARM Loans, shall become effective upon the fulfillment of the covenants set forth in Section 4.35.
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Servicing Compliance. Purchaser covenants and agrees that on and after the Transfer Date (i) it will cause the Successor Servicer to service each Mortgage Loan in accordance with the terms of the related Mortgage Loan Documents, any loss mitigation and with applicable law, (ii) the Purchaser shall direct the Successor Servicer and its employees, representatives or assignees to comply with all applicable law, (iii) it shall cause the Successor Servicer to service each Mortgage Loan in accordance with customary accepted servicing practices and (iv) Purchaser shall cause the Successor Servicer to respond to Mortgagors’ inquiries regarding the servicing of the related Mortgage Loans in a timely fashion and provide Mortgagors with a reasonable appeals process with respect to servicing decisions relating to the applicable Mortgage Loan;
Sample 1
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Servicing Compliance. With respect to the servicing of Mortgage Loans, the Servicer will comply, (i) as to each FHA Insured Mortgage Loan, with the National Housing Act of 1934, as amended, all rules and regulations issued thereunder and all applicable administrative publications,
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Related to Servicing Compliance

  • Servicing Criteria    Applicable Servicing Criteria Reference Criteria 1122(d)(3)(ii) Amounts due to investors are allocated and remitted in accordance with timeframes, distribution priority and other terms set forth in the transaction agreements. X 1122(d)(3)(iii) Disbursements made to an investor are posted within two business days to the Servicer’s investor records, or such other number of days specified in the transaction agreements. X 1122(d)(3)(iv) Amounts remitted to investors per the investor reports agree with cancelled checks, or other form of payment, or custodial bank statements. X Pool Asset Administration 1122(d)(4)(i) Collateral or security on receivables is maintained as required by the transaction agreements or related receivable loan documents. 1122(d)(4)(ii) Receivable loan and related documents are safeguarded as required by the transaction agreements. 1122(d)(4)(iii) Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. 1122(d)(4)(iv) Payments on receivables, including any payoffs, made in accordance with the related receivable loan documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related receivable loan documents. 1122(d)(4)(v) The Servicer’s records regarding the receivables agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor’s receivables (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents.

  • Servicer Compliance Statement On or before March 1 of each calendar year, commencing in 2007, the Servicer shall deliver to the Owner and any Depositor a statement of compliance addressed to the Owner and such Depositor and signed by an authorized officer of the Servicer, to the effect that (i) a review of the Servicer’s activities during the immediately preceding calendar year (or applicable portion thereof) and of its performance under this Agreement and any applicable Reconstitution Agreement during such period has been made under such officer’s supervision, and (ii) to the best of such officers’ knowledge, based on such review, the Servicer has fulfilled all of its obligations under this Agreement and any applicable Reconstitution Agreement in all material respects throughout such calendar year (or applicable portion thereof) or, if there has been a failure to fulfill any such obligation in any material respect, specifically identifying each such failure known to such officer and the nature and the status thereof.

  • Report on Assessment of Compliance with Servicing Criteria and Attestation The Servicer will:

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