Examples of Collections Policies in a sentence
The Collections Managers shall discuss any proposed changes to the Collections Policies and work to resolve any Disputes between the parties regarding collections matters.
Subject to Section 3.6, Company shall at all times comply in all material respects with Applicable Law affecting its obligations under this Agreement, the Risk Management Policies, the Collections Policies and the Compliance Practices.
Bank shall at all times comply in all material respects with Applicable Law affecting its obligations under this Agreement, the Risk Management Policies, the Collections Policies and the Compliance Practices.
The terms of such Loan have not been waived, altered, modified or extended in any respect other than (A) modifications entered into in accordance with Customary Practices and Credit Standards and Collections Policies that do not reduce the amount or extend the maturity of required Scheduled Payments and (B) modifications in the applicability of a PAC (which may result in a change in the related Loan Rate).
Any incremental cost to the Servicer to implement the Company’s changes to the Risk Management Policies, Collections Policies, Operating Procedures and Program Privacy Policy shall be addressed in a statement of work under Section 2.12.
The Company shall have sole authority over and responsibility for: (i) all existing and future Core Terms and Conditions, (ii) Account Documentation, (iii) Risk Management Policies, (iv) Operating Procedures, (v) charge-off methodologies, (vi) Payment Plans, (vii) Program Privacy Policy, (viii) Collections Policies, and (ix) Solicitation Materials, in each case, including the compliance with Applicable Law of all of the foregoing.
The Servicer shall at all times during the Term and continuing until the end of the Term comply in all material respects, to the extent applicable to it, with the Risk Management Policies, Collections Policies and Operating Procedures.
The Servicer shall perform applicable Services in compliance with the Risk Management Policies, Program Privacy Policy and Collections Policies, as in effect from time to time, as of any applicable date of determination.
Such Agreements and Declarations of Trust, rules, regulations and policies, including Collections Policies, of such Funds together with any restatement or amendments thereto, are incorporated herein by reference as if fully set forth herein.
The Servicer shall accelerate the maturity of all or any Scheduled Payments under any Loan included in the Asset Pool under which a default under the terms thereof has occurred and is continuing (after the lapse of any applicable grace period) promptly after such Loan becomes a Defaulted Loan; provided, however, that so long as FIB or the Servicer Assignee is the Servicer the Servicer shall collect all Defaulted Loans in accordance with the Credit and Collections Policies.