Examples of Consumer Relief Report in a sentence
If, however, the IRG determined that the Reported Credit Amount for any of the three Testing Populations exceeded the Actual Credit Amount by more than 2.0%, the IRG would inform Servicer, which would then be required to perform an analysis of the data of all loans in the Testing Population from which the sample had been drawn, identify and correct any errors and provide an updated Consumer Relief Report to the IRG.
If, however, the IRG determined that the Reported Credit Amount for any of the four Testing Populations exceeded the Actual Credit Amount by more than 2.0%, the IRG would inform Servicer, which would then be required to perform an analysis of the data of all loans in the Testing Population from which the sample had been drawn, identify and correct any errors and provide an updated Consumer Relief Report to the IRG.
According to the Work Plan, if the Actual Credit Amount equals the Reported Credit Amount or if the Reported Credit Amount is not more than 2.0% greater or less than the Actual Credit Amount for any of the three Testing Populations, the Reported Credit Amount will be deemed correct and Servicer’s Consumer Relief Report will be deemed to have passed the Satisfaction Review and will be certified by the IRG to me.
If, however, the IRG determined that the Reported Credit Amount for any of the five Testing Populations exceeded by more than 2.0% the Actual Credit Amount, the IRG would inform Servicer, which would then be required to perform an analysis of the data of all loans in the Testing Population from which the sample had been drawn, identify and correct any errors, and provide an updated Consumer Relief Report to the IRG.
These differences were explained in detail in Section II.B.4 of the First Interim National Consumer Relief Report.
The IRG’s testing of Servicer’s Consumer Relief Report as to the amount of Consumer Relief credit earned first involved the IRG randomly selecting three statistically valid samples from all mortgage loans receiving Consumer Relief for which Servicer sought credit in the Second Testing Period.
The IRG’s testing of Servicer’s Consumer Relief Report as to the amount of Consumer Relief credit earned first involved the IRG randomly selecting four statistically valid samples from all mortgage loans receiving Consumer Relief for which Servicer sought credit as of December 31, 2012.
According to the Work Plan, if the Actual Credit Amount equals the Reported Credit Amount or if the Reported Credit Amount is not more than 2.0% greater or less than the Actual Credit Amount for any of the four Testing Populations, the Reported Credit Amount will be deemed correct and Servicer’s Consumer Relief Report will be deemed to have passed the Satisfaction Review and will be certified by the IRG to me.
State Reports/Reported Credit Amounts In order to meet my obligation of identifying any material inaccuracies in prior State Reports filed by Servicer, I conducted a comparison of the information contained in Servicer’s Consumer Relief Report regarding Consumer Relief granted to the program-to-date data contained in Servicer’s State Report filed for the quarter ending December 31, 2012.
According to the Work Plan, if the Actual Credit Amount equals the Reported Credit Amount, or if the Reported Credit Amount is not more than 2.0% greater or less than the Actual Credit Amount for the Testing Population, the Reported Credit Amount will be deemed correct and Servicer’s Consumer Relief Report will be deemed to have passed the Satisfaction Review and will be certified by the IRG to the Monitor.