Common use of Transfer Notices Clause in Contracts

Transfer Notices. (a) No later than fifteen (15) calendar days prior to the Transfer Date, Seller shall mail, or shall cause to be mailed, to each Mortgagor a notification letter, in a form reasonably satisfactory to Purchaser, advising the Mortgagor of (i) the transfer of Servicing to Purchaser, (ii) Seller's tax reporting responsibilities, and (iii) the effect of the transfer of Servicing on Optional Insurance. The expense of the preparation, printing and mailing of such notification letter shall be borne by Seller or Seller's agent. In addition, the mailing and content of such letter shall comply with all applicable state and federal laws or regulations.

Appears in 5 contracts

Samples: Interim Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-A4), Interim Servicing Agreement (Merrill Lynch Investors Trust, Series 2006-A2), Interim Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-Af1)

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