Delinquency Collection Policies and Procedures definition
Examples of Delinquency Collection Policies and Procedures in a sentence
In the event that any payment due under any Mortgage Loan is not postponed pursuant to Section 2.01 and remains delinquent for a period of 60 days or any other default continues for a period of 60 days beyond the expiration of any grace or cure period (or such other period as is required by law in the jurisdiction where the related Mortgaged Property is located), the Servicer shall commence foreclosure proceedings in accordance with the Delinquency Collection Policies and Procedures.
Therefore, the Interim Servicer shall strictly comply with the Delinquency Collection Policies and Procedures in connection with, among other things, delinquencies and environmental concerns.
Therefore, in connection therewith, the Interim Servicer shall strictly comply with the Delinquency Collection Policies and Procedures.