Individual servicing a mortgage loan means an employee of a mortgage lender licensed in this State, that:
Individual servicing a mortgage loan means a person on behalf of a lender or servicer licensed by this state, who collects or receives payments including payments of principal, interest, escrow amounts, and other amounts due, on existing obligations due and owing to the licensed lender or servicer for a residential mortgage loan when the borrower is in default, or in reasonably foreseeable likelihood of default, working with the borrower and the licensed lender or servicer, collects data and makes decisions necessary to modify either temporarily or permanently certain terms of those obligations, or otherwise finalizing collection through the foreclosure process.
Individual servicing a mortgage loan means a person on
More Definitions of Individual servicing a mortgage loan
Individual servicing a mortgage loan means a per- son on behalf of a lender or servicer licensed by this state, who collects or receives payments including payments of principal, interest, escrow amounts, and other amounts due, on existing obligations due and owing to the licensed lender or servicer for a residential mortgage loan when the borrower is in default, or in reasonably foreseeable likelihood of
Individual servicing a mortgage loan means, until July 31, 2011, an employee of a mortgage lender licensed in this State, that:
Individual servicing a mortgage loan means an employee of a mortgage lender licensed in South Carolina that: [§37-22-110(22)(a)(b)(c)]
Individual servicing a mortgage loan means a person who on behalf of a lender or servicer licensed by this state, or a lender or servicer exempt from licensing, who collects or receives payments including payments of principal, interest, escrow amounts, and other amounts due, on existing obliga- tions due and owing to the licensed lender or servicer for a
Individual servicing a mortgage loan means a person who on be half of a lender or servicer licensed by this state, or a lender or servicer exempt from licensing, who collects or receives payments in cluding payments of principal, interest, escrow amounts, and other amounts due, on existing obligations due and owing to the licensed or exempt lender or servicer for a residential mortgage loan when the borrower is in default, or in reasonably foreseeable likelihood of de fault, working with the borrower and the licensed lender or servicer, collects data and makes decisions necessary to modify either tempora rily or permanently certain terms of those obligations, or otherwise finalizing collection through the foreclosure process.For purposes of this definition "on behalf of a lender or serv icer" means that the individual person is employed by the lender or servicer and does not receive any compensation or gain directly or in directly from the borrower for performing the described activities.