Administration and Servicing of Loans. Section 3.1 Servicer to Act as Servicer; Administration of the Loans..............................45 Section 3.2 Collection of Certain Loan Payments; Custodial Account for P&I........................48 Section 3.3 Permitted Withdrawals from the Custodial Account for P&I..............................50 Section 3.4 Taxes, Assessments and Similar Items; Escrow Accounts.................................51 Section 3.5 Maintenance of Insurance..............................................................52
Administration and Servicing of Loans. Section 3.1 SERVICER TO ACT AS SERVICER; ADMINISTRATION OF THE LOANS..............................53 Section 3.2 COLLECTION OF CERTAIN LOAN PAYMENTS; CUSTODIAL ACCOUNT FOR P&I........................56 Section 3.3 PERMITTED WITHDRAWALS FROM THE CUSTODIAL ACCOUNT FOR P&I..............................58 Section 3.4 TAXES, ASSESSMENTS AND SIMILAR ITEMS; ESCROW ACCOUNTS.................................59 Section 3.5
Administration and Servicing of Loans. Section 3.1 Servicer to Act as Servicer; Administration of the Loans...
Administration and Servicing of Loans. 6 Section 3.01
Administration and Servicing of Loans. Lender shall maintain the Loan Documents and shall receive all payments due under the Loan Documents. Lender shall not without the Authority's prior written consent (a) make or consent to any material alteration in the terms of any Loan Document (including, but not limited to, increases in the principal amount or interest rate); (b) make or consent to releases of collateral; or (c) waive any claim against the Borrower, any guarantor, or any obligor arising out of any Loan Document. The Lender shall service all Loans in a manner consistent with this Agreement, the Lender's Manual, the Loan Documents, and applicable laws and regulations, and consistent with accepted standards of loan servicing employed by prudent lenders generally for loans not subject to the Authority's guarantee.
Administration and Servicing of Loans will service the Loans purchased by NRF as provided herein. Without limiting the generality of the foregoing, ___________ will be responsible for the following services (the “Services”): (i) administering all borrower billing activities including, but not limited to, resolving billing disputes or inquiries; (ii) receiving and processing payments; (iii) collecting amounts owed; (iv) at the request and approval of NRF, engaging third-party collection agencies to collect delinquent amounts owed; (v) reporting Borrower trade line information to consumer reporting agencies; (vi) maintaining fraud prevention procedures; and (vii) maintaining adequate books and records relating to the Services.
Administration and Servicing of Loans. Section 4.01 Duties of the Servicer.........................................56 Section 4.02
Administration and Servicing of Loans. SECTION 5.01. The Servicer and the Seller.................................. 31 SECTION 5.02. Collection of Certain Loan Payments.......................... 32 SECTION 5.03. Maintenance of Hazard Insurance; Property Protection Expenses..................................................... 32 SECTION 5.04. Assumption and Modification Agreements....................... 33 SECTION 5.05. Realization Upon Liquidated Loans............................ 34 SECTION 5.06. Servicing Fee................................................ 35 SECTION 5.07. Servicer's Certificate....................................... 35 SECTION 5.08. Annual Independent Public Accountants' Servicing Report...
Administration and Servicing of Loans. Section 3.01 Acceptance of Appointment and Other Matters Relating to the Servicer 12 Section 3.02 Servicing Compensation 13 Section 3.03 Representations, Warranties and Covenants of the Servicer and each Subservicer 14 Section 3.04 Adjustments 17 Section 3.05 Back-up Servicing Agreement 17 Section 3.06 Monthly Servicer Report 17 Section 3.07 Annual Compliance Certificate 17 Section 3.08 Copies of Reports Available 17 Section 3.09 Notices To Regional Management Corp 17 Section 3.10 Subservicing 17 Section 3.11 Custody of Receivable Files 19 Section 4.01 Collections and Allocations 20 Section 5.01 Liability of the Depositor 21 Section 5.02 Merger or Consolidation of the Depositor 21 Section 5.03 Limitations on Liability of the Depositor 22 Section 5.04 Limitations on Liability of the Depositor 22 Section 6.01 Liability of Servicer and the Subservicers 22 Section 6.02 Merger or Consolidation of, or Assumption of the Obligations of, the Servicer or a Subservicer 23 Section 6.03 Limitation on Liability of the Servicer, the Subservicers and Others 24 Section 6.04 Servicer Indemnification of the Issuer, the Owner Trustee and the Indenture Trustee 24 Section 6.05 Resignation of the Servicer and the Subservicers 25 Section 6.06 Access to Certain Documentation and Information Regarding the Loans 26 Section 6.07 Delegation of Duties 26 Section 6.08 Examination of Records 26 Section 6.09 Servicer Power of Attorney 26
Administration and Servicing of Loans. Section 3.01. Acceptance of Appointment and Other Matters Relating to the Servicer 19 Section 3.02. Servicing Compensation 20 Section 3.03. Representations, Warranties and Covenants of the Servicer and each Subservicer 21 Section 3.04. Adjustments 24 Section 3.05. Back-up Servicing Agreement 24 Section 3.06. Monthly Servicer Report 24 Section 3.07. Annual Compliance Certificate 24 Section 3.08. Copies of Reports Available 24 Section 3.09. Notices To OneMain Financial 25 Section 3.10. Subservicing 25 Section 3.11. Custody of Receivable Files 26 Section 4.01. Collections and Allocations 27 Section 5.01. Liability of the Depositor 27 Section 5.02. Merger or Consolidation of the Depositor 28 Section 5.03. Limitations on Liability of the Depositor 29 Section 6.01. Liability of Servicer and the Subservicers 29 Section 6.02. Merger or Consolidation of, or Assumption of the Obligations of, the Servicer or a Subservicer 29 Section 6.03. Limitation on Liability of the Servicer, the Subservicers and Others 30
