Common Contracts
1 similar null contracts
nor reissue a duplicate Assignment Guarantee Agreement unless:May 2nd, 2023
The Lender is required to hold a min- imum of 7.5 percent of the total loan amount. The amount required to be held must be of the unguaranteed por- tion of the loan and cannot be Partici- pated to another Person. The Agency may reduce the minimum retention below 7.5 percent on a case by case basis when the Lender establishes to the Secretary’s satisfaction that reduc- tion of the minimum retention per- centage is to meet compliance with the Lender’s regulatory authority. The Lender must retain interest in the Col- lateral, and retain the servicing re- sponsibilities for the guaranteed loan.
