Examples of Affected Borrowers in a sentence
The objectives of this Covid 19 Resolution Policy 2.0 are to set out the manner in which evaluation may be conducted and the objective criteria that may be applied while considering and/or implementing resolution plans for Affected Borrowers.
Evolve shall regularly report to the United States its progress on locating and contacting Identified Affected Borrowers.
Interest, penalties, or other additions to Tax related to any Tax period ending on or before the Closing Date or the portion of any Straddle Period ending on the Closing Date shall be treated as occurring prior to the Closing, regardless of when such items are actually incurred or assessed.
Evolve shall use best efforts, using all reasonable methods, to locate and contact the Identified Affected Borrowers, including (a) searching for updated addresses via Evolve’s own address records for other products, Lexis Nexis, and other suitable address databases, (b) sending duplicate letters to updated addresses, and (c) contacting affected borrowers by telephone.
Renewal policies and any replacement policies, together with premium receipts satisfactory to Lender, shall be delivered to Lender at least thirty (30) days prior to the expiration of existing policies.
If the monitoring program identifies borrowers who meet the criteria for compensation subsequent to the entry of this Order, Evolve shall report information concerning the borrowers to the United States and the United States shall determine whether the person should be compensated and the amount of the payment consistent with the methodology used to determine compensation for the Identified Affected Borrowers.
The total amount of compensation for these 50 Identified Affected Borrowers is $86,000 (“the Settlement Fund”).
Payments to Identified Affected Borrowers are in amounts of $1,000, $2,500, or $5,000, depending upon circumstances.
Respondent was also aware that unadjusted Affected Loans that were transferred to other servicers from 2005 to 2015 might have had incorrect balances, but Respondent did not inform the Affected Borrowers or the relevant servicers.
The reviewing agency often will collect information from third parties within the industry, such as customers, competitors, sup- pliers or industry experts, regarding the effect of the transaction.